Green Energy loans
Our credit analysts will agree a maximum interest rate with you. Our indicative interest rates for Green Energy loans are currently between 9% and 10%.
Our arrangement fees are:
FundingKnight – 2% of the loan amount
Central Union Partners – 2% of the loan amount (+VAT)
We charge a monitoring fee of 1% per annum.
There will also be legal costs and a valuation fee. As a general guide these should not amount to more than 1% of the loan amount, but this will be dependant upon the circumstances of each application.
A £25 deduction will be made at drawdown to cover bank charges.
While a loan is in default we are entitled to charge a fee of £5 per day as well as any costs incurred in protecting the investors’ interests. In addition, the interest payable to investors is increased by 4% during the period of default.
Find out more here