2 min read
Why there is no single figure
Borrow £10,000 over one year at a modest reducing-balance rate and the interest might be a few hundred pounds; over several years, or at a flat rate with fees, it could be far more. The rate, term and fees together decide it.
Work out your number
Enter £10,000 with your rate and term into the repayment calculator to see the monthly payment and total interest, then add any fees for the true total repayable.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online.
Frequently asked questions
What is a typical cost to borrow £10,000?
It varies too much for a single figure — the rate, term and fees decide it. Work out the total repayable for the specific offer, and compare it against alternatives on that basis.
How do I find the exact cost?
Use a repayment calculator with the amount, rate and term, then add any arrangement or exit fees. That gives the true total repayable to compare offers.
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Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.