iwoca

Loan amount: £1,000 - £50,000
Repayment duration: 0 - 6 Months
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iwoca customer reviews

4.9 out of 5 from 1863 reviews

Our review of iwoca

Our review by Mark
Written by: Mark
Simplicity
52.7
Features
69.6
Consumer sentiment
40.6

Total OPTIOSCORE
54.4/100

Highlights

  • You can top up the loan easily
  • Simple and fast application process
  • No fees for early repayments
  • Flexible repayment options

Minimum criteria

  • 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

Fees

  • Maximum APR 0%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £0

About iwoca

Iwoca offer loans for small business ranging from £1,000-£100,000. 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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