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How do I repay my loan?

  • Updated

At SAPI, we strive to make loan repayment as effortless as possible for our valued customers. That's why we automatically deduct a fixed percentage of your daily sales (including taxes and any tips) to repay your loan. With this feature, you can sit back and relax while your loan gets repaid, and the repayment amount matches your business's cash flow. You can find the details of your repayment rate in the loan agreement.

Here's an example of a £10,000 loan breakdown to give you an idea of how it works:

  • Amount deposited in your bank account: £10,000
  • Total Borrowing Cost: £1,400
  • Total loan repayment due: £11,400
  • Percentage of daily sales allocated towards loan repayment: 10%
  • Minimum amount due every 60 days for 18 months: £633.33

Please note that the entire loan balance must be fully repaid within 18 months of loan approval. If the loan remains unpaid after 18 months, the remaining loan balance will become due in full.

We understand that loan repayment can be a complicated matter, and we are always here to assist you with any questions or concerns. Please do not hesitate to contact us if you require any further information.

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