There are no hidden fees on a Wp business loan. The cost of your loan is made up of two items.
The first item is the Wp Arrangement Fee, this is fixed at €5 per €100, for instance a €10,000 would translate to a Wp Arrangement Fee of €500 (excl. VAT). This is only charged when you drawdown the facility and we will incorporate this into your loan so you receive the full €10,000 you have requested
The second item is the Cost of Capital, this is determined by the term and amount of the loan.. The Cost of Capital depends on your product type but for our most common loans are typically 1% cost of capital per month so depending on the term that is requested and agreed but for a 12 month term this would be €1,200 (12%) (no VAT charged) or €600 (6%) for a 6 month term.
All
There are no hidden fees on a WM business loan. The cost of your loan is made up of two items.
The first item is the Wp Arrangement Fee, this is fixed at €5 per €100, for instance a €10,000 would translate to a GRID Arrangement Fee of €500 (excl. VAT). This is only charged when you drawdown the facility and we will incorporate this into your loan so you receive the full €10,000 you have requested
The second item is the Cost of Capital, this is determined by the term and amount of the loan.. The Cost of Capital depends on your product type but for our most common loans are typically 1% cost of capital per month so depending on the term that is requested and agreed but for a 12 month term this would be €1,200 (12%) (no VAT charged) or €600 (6%) for a 6 month term.
All Wp Lite and Lite+ Products operate at a fixed cost of capital of per month and Wp Growth products are priced on risk so may vary slightly depending on the output of the underwriting assessment. For more details please check our FAQ “What are the Wp product types and information requirements?”.
Lite and Lite+ Products operate at a fixed cost of capital of per month and Wp Growth products are priced on risk so may vary slightly depending on the output of the underwriting assessment. For more details please check our FAQ “What are the Wp product types and information requirements?”.