Business Loan Calculator

Use the business loan calculator to see how much a business loan from Esme could cost.

Decide how much you’d like to borrow and how long for, and our calculator will give you an indication of the total repayable amount.

This is based on a monthly interest rate of 1% equivalent to an annual interest rate of 12%. The interest rate and term we offer to you will be based on our credit assessment of you and your company.

You can see our range of rates and fees in the table below. Loans are subject to eligibility and satisfactory credit and affordability checks.

This example is for indicative purposes only. It’s based on a fixed monthly interest rate of 1% equivalent to an annual interest rate of 12%. Over half our customers get this rate or better.

* An arrangement fee (and a broker fee, if applicable) will be deducted from the loan amount paid to you as in the example above. Interest is charged on the full loan amount including fees.

Rates

The interest rate on an Esme loan is fixed for the full term, and is charged monthly. Interest is charged on the full loan amount, including fees. The interest rate we offer to you will be based on our credit assessment of you and your company.

Term Monthly rates Approximate annual rates
12 - 24 months 0.34% - 1.35% 4.08% - 16.20%
30 - 36 months 0.37% - 1.25% 4.44% - 15.00%
42 - 48 months 0.39% - 1.05% 4.68% - 12.60%
54 - 60 months 0.42% - 0.92% 5.04% - 11.04%

Fees

We don’t believe in hidden fees. Our simple arrangement fee is based on the size of your loan.

You will also be charged a fee if you apply for an Esme business loan through a broker – please speak to your broker for more information.

Fees are deducted from the loan amount paid to you. For example, if you apply for a loan of £20,000, and you are accepted, we will charge a £500 fee, and pay you £19,500. Interest is charged on the full loan amount.

We also charge a fee of £20 if any of your repayments are made more than 7 days late. If you are having difficulties or have concerns about repaying your loan, please contact us to discuss your options.

Loan Amount Fee
Up to £10,000 £250
Up to £50,000 £500
More than £50,000 £750

Early repayment

If you make an early repayment, this will pay off any outstanding interest, and then any outstanding principal.

If the early repayment covers all of the principal for your next payment, and any further payments after that, then these payments (including interest) are not taken.

Payment will resume when principal is due again as per your original repayment schedule. Interest accrued during this time (when payments are not taken) will be added to this payment.

Remember, you can manage your account anytime, anywhere, and see your next repayment and full repayment schedule.

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