Finance Illustration Tool
Rate Comparison Tool
Most UK SME lending is unregulated, so providers can quote in very different ways. Enter any business loan quote and see how it translates into every commonly used rate — with the true cost of fees included.
Step 1
Add your quote details
£1,000 – £2,000,000
£
1 – 120 months
months
%
Step 2
See how your quote translates
Monthly repayment
£1,660.72
Total interest
£9,785.76
Total repayable
£59,785.76
| Rate type | Excl. fees | Incl. fees |
|---|---|---|
| Annual interest rate | 12.00% | 12.00% |
| Monthly interest rate | 1.000% | 1.000% |
| Daily interest rate | 0.0329% | 0.0329% |
| Yield | 12.00% | 12.00% |
| Factor rate | 1.196 | 1.196 |
| Flat rate | 6.52% | 6.52% |
This tool is illustrative only. Actual quotes depend on lender, sector, term and covenants. For an accurate comparison across our lender panel, speak to a specialist.
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