The cost of a Spotcap business loan

Our business finance fees are clear, transparent and competitive. Pay interest only on what you borrow, plus a one-time arrangement fee, with no early repayment charges

Business loan calculator

Use our business loan calculator to find out how much your loan will cost

  • Amount
    £ 100,000
  • Time
    12 months

£9,340

Monthly Repayment

For illustrative purposes only. The example shown above is based on 1.5% average monthly interest rate and 2.0% arrangement fee. The APR (annual percentage rate) is , which includes both interest and fee. The total payable amount is . This amount consists of principle, interest and fee. 
We base our decisions on several criteria and loans can only be granted to borrowers who can afford repayments. For more information about responsible lending click here or contact us directly.

Monthly Repayment

£13,752

  • Amount
    £ 150,000
  • Time
    12 months
For illustrative purposes only. The example shown above is based on 1.5% average monthly interest rate and 2.0% arrangement fee. The APR (annual percentage rate) is , which includes both interest and fee. The total payable amount is . This amount consists of principle, interest and fee. 
We base our decisions on several criteria and loans can only be granted to borrowers who can afford repayments. For more information about responsible lending click here or contact us directly.

How our pricing works

Our pricing is clear, transparent and competitive. Unlike many other loan providers, our structure is simple. We ask for a one-time arrangement fee, the first time you draw down funds on an approved credit line, and a monthly interest charge based on your outstanding loan amount.

There is no early repayment penalty, annual cost or any other fee. There are no surprises or hidden charges in the small print.

If you qualify for a Spotcap line of credit, you pay nothing until you draw down funds and get a business loan. Should a change in circumstances mean that you no longer require the finance for which you have been approved, you can simply choose not to draw down any funds, and pay nothing.

The benefits

The advantage of our line of credit over a standard business loan is that once the finance has been approved, you have access to the funds without being charged a commitment fee. This means the application and approval process is completely free of charge.

You only start to pay when you choose to draw down funds from your credit line. At this point you pay an arrangement fee for the credit line. The amount you withdraw becomes a business loan, on which you pay monthly interest.

The benefits

The advantage of our line of credit over a standard business loan is that once the finance has been approved, you have access to the funds without being charged a commitment fee. This means the application and approval process is completely free of charge.

You only start to pay when you choose to draw down funds from your credit line. At this point you pay an arrangement fee for the credit line. The amount you withdraw becomes a business loan, on which you pay monthly interest.

The cost of a Spotcap business loan

The first time you draw down funds from your credit line, you pay an arrangement fee of between 2% and 3% of the total amount of the credit line. Interest is charged on a monthly basis and is based on the outstanding amount of the loan. The interest rate itself depends on your recent business data and risk profile. Our interest rates start at 0.5% per month, with average rates between 1% and 2% per month. There are no additional fees or charges if you decide to pay your loan back early.