Pricing Examples
South Coast Moneyline will look closely at your financial situation and will not lend more than you can comfortably afford to repay.
Business Loan Rate: 37% APR for new clients and 29.5% APR for existing clients. The interest is added monthly on the declining loan balance. In other words, once you have made your first payment, the amount of interest owed decreases.
Loans are repaid on a weekly or monthly basis by Direct Debit from your own bank account.
A one-off administration charge of 5% of the loan value is payable upfront for new clients and 4% for existing.
At SCML we have no hidden fees; the total APR which includes the administration fee is shown in the table below.
Loan examples for new clients:
Loan Amount | Term | Fee | Repayment Amount | Total Payable | Typical APR |
| £1,000 | 12 Months | £50.00 | £98.43 | £1231.16 | 51.47 |
| £2,000 | 18 Months | £100.00 | £141.25 | £2642.50 | 47.03 |
| £3,000 | 24 Months | £150.00 | £170.69 | £4246.50 | 44.79 |
| £5,000 | 30 Months | £250.00 | £243.96 | £7568.80 | 43.44 |
Please note that the above are illustrations only.
Interest is accrued on a daily basis and added to the loan at the end of each month.
Tel: 02392 826180