- Industry: SME
- Type: P2P lending
- Min. investment: £25
- Country: United Kingdom
FundingKnight provides flexible lending solutions for businesses in need of money quickly. By taking a holistic approach to credit assessment it can develop solutions that fit the individual requirements of each SME.
- Payment Fee The size of the fee is a percentage of the loan amount: 0-12 month loan: 2.5%, 13-24 month loan: 3.0%, 25-36 month loan: 3.5%. 37-48 month loan: 4.0% 49-60 month loan: 4.5% A repayment fee is also taken calculated at 1% of each loan repayment. 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.
- Registration number Z2928012
- Languages English
- Address 3rd Floor, The News Building, 3 London Bridge Street, London, SE1 9SG