One payment
One monthly repayment instead of several on different dates.
Consolidate existing borrowing
Turn several loans, cards and facilities into one fixed-rate loan with one monthly repayment.
Consolidation
Several lenders, several rates, one headache
Growing companies often pick up borrowing from different places: a bank loan, a credit card, a vehicle agreement, a short-term facility. Each has its own rate, its own payment date and its own lender to deal with.
Bringing them together into one loan at 5.00% fixed simplifies cash flow and makes the cost of borrowing clear.
Illustrative example
A company combines a bank loan, a card balance and a short-term facility totalling £120,000.
| Loan | £120,000 |
| Rate | 5.00% p.a. fixed |
| Term | 5 years |
| Monthly repayment | £2,265 |
| Total interest, paid back into your own pension fund | £15,873 |
| Total repaid | £135,873 |
Illustrative only. Equal monthly payments; your loan agreement sets the exact figures.
How the loan helps
Why directors choose it
A clear end date
Everything repaid within the term you choose, up to five years.
See what your company could borrow
Loans from £25,000 up to £500,000. 5.00% p.a. fixed. No credit checks.