Monthly interest rates for Flexi-Loans range between: 2% - 5.7%. Interest rates are determined by your business’s financial circumstances and a rate will be set if your application is approved
This article outlines what the iwoca team considers when deciding what rate to offer.
You only pay interest on what you borrow for the amount of time you borrow it. Interest accrues daily and is charged monthly
For example, if you borrowed £10,000 at an interest rate of 3.33% per month and only needed the funds for three months, the total amount you'd including principal repay is £10,673*
* Your actual interest rate will be set at application.