At Qeld , we regularly get the question, "What is the interest rate for a business loan? The answer: 'We work with interest rates according to risk.' This means that we try to make a personalized offer for each business owner (and business loan application), so that we can offer the most favorable rate based on your circumstances. What is the same for every business loan, however, is that you always pay the same fixed monthly rate.
Qeld does not work with variable interest rates or complicated payment plans, because we want to keep business loans simple. At Qeld you pay a fixed monthly charge (interest business loan) for using the business loan, plus a standard repayment on the loan amount (amortisation). These monthly usage costs (interest business loan) and the repayment (amortisation) are the same every month, so our customers know exactly what the costs are each term.
We also give our customers the option to repay the business loan in full at any time, with no additional fees or penalties. No binding term: so you can choose how long you use the loan. The sooner you repay it, the more advantageous business loans become at Qeld !
Our fixed monthly user fee, our form of interest, is based on a company's individual credit score. This score is based on a company's comprehensive credit assessment. Please note that we cannot calculate the interest rate on a business loan until we have registered an application.
Curious about what your business loan would cost? At Qeld , requesting a quote is always free of charge and 100% non-binding, so find out today and submit your application via the 'Apply now' button or our homepage!
