Our review of iwoca
- You can top up the loan easily
- Simple and fast application process
- No fees for early repayments
- Flexible repayment options
- You must have a minimum 3 months trading history
- you must have a minimum turnover of £10,000 per year
- You must be a UK based business and directors
- Maximum APR 0%
- Arrangement fee: £0
- Early repayment fee: £0
- Late payment fee: £0
Iwoca offer loans for small business ranging from £1,000-£150,000. Their flexible product offrs early repayment and top ups so that you can use their loans as a constant source of credit, subject to approval. You simply pay interest for each day your borrow.
They boast a lightning fast application process, you can sign up and apply within minutes. Once you are approved you borrow the loan for the fulll 12 months as a maximum, or use the service as a credit line.
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