Corporate Loans

East Sussex Credit Union can offer business loans up to 15,000 net. What rate of interest can I expect to pay? Our annual interest rates for business loans are pitched to be competitive and affordable. The amount we can charge is governed by our regulator. Loan amount 10% (11% with an Agreed Notice*) 10.5% 12% (13% with an Agreed Notice*) 12.8% 18% (19% with an Agreed Notice*) 19.6% 42.6% *An Agreed Notice is where East Sussex Credit Union registers by consent a charge on the applicants and/or guarantors property as further security for the loan. The term annual percentage rate of charge (APR) describes the interest rate for a whole year (annualized), rather than just a monthly fee/rate, as applied on a loan, mortgage loan, credit card, etc. It is a finance charge expressed as an annual rate. Loans up to 10,000 will be over a maximum of 3 years.
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