The cost of a Spotcap business loan

Our clear, transparent pricing means you know exactly how much your loan will cost. Our only charges are interest on what you borrow and an origination fee

Business loan calculator

Find out your monthly repayments using our business loan calculator:

  • Amount
    $125,000
  • Time
    9 months

$14,951

Monthly repayment

For illustrative purposes only. The example shown above is based on an average Spotcap customer. 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

$14,951

  • Amount
    $125,000
  • Time
    9 months
For illustrative purposes only. The example shown above is based on an average Spotcap customer. 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

Unlike many loan providers, we have a very simple pricing structure. When you take a loan from us, you pay interest on what you borrow, only for the time you borrow it. We also charge an origination fee that’s taken when you first draw down funds from your approved credit line.

We don’t charge for anything else. There’s no penalty fee for early repayment, no annual fee, and no other costs. There are no extra costs hidden from you in the small print.

Even better, there’s no charge for being approved for a line of credit. You can have immediate access to funds without paying a penny until you choose to borrow. This means if circumstances change and you don’t need the loan, it cost you nothing.

The benefits

Let’s say you’re concerned about being able to meet this month’s payroll obligation. Or you want to buy a new business computer. You can apply for a loan at no cost. Once approved, you’re given access to a line of credit from which you can withdraw cash, as and when required.

The line of credit gives you peace of mind that the cash is available when you need it. Then a big customer pays early and you find it’s no longer necessary to draw down funds from the line of credit. It cost you nothing to arrange, and because you didn’t borrow anything, there’s nothing to pay.

The benefits

Let’s say you’re concerned about being able to meet this month’s payroll obligation. Or you want to buy a new business computer. You can apply for a loan at no cost. Once approved, you’re given access to a line of credit from which you can withdraw cash, as and when required.

The line of credit gives you peace of mind that the cash is available when you need it. Then a big customer pays early and you find it’s no longer necessary to draw down funds from the line of credit. It cost you nothing to arrange, and because you didn’t borrow anything, there’s nothing to pay.

The cost of a loan

If you do borrow from us, we charge an origination fee when you first draw down funds from your line of credit. This fee is 2-3% of the total value of the credit line. In addition, we charge interest on what you borrow, on a monthly basis.

The rate of interest is based on your risk profile. Rates start at 0.5% per month, with the average being 1.5 - 2.0% each month. Repayments are over 6 to 12 months, and if you pay back early, we don’t charge a penalty fee.