Business Loan FAQs
Please click below for the answers to our most commonly asked questions. If you can't find the information you need, call us free on 0800 694 5566 and one of our advisers will be happy to help.
How much can I borrow?
With a loan from Norton Finance, you may be eligible to borrow between £3,000 and £500,000, depending on your personal circumstances.
How long are the repayment terms?
Our repayment terms can be anything from one to 30 years, depending on how much you want to borrow, and what you can afford to repay.
What are the interest rates?
The rate of interest will vary based on your current circumstances and financial history. Loan interest rates for homeowners start from 2.9%.
Are there any loan fees?
As we are a broker, not a bank, we receive commission from the lender after a loan has been repaid. We may also charge a broker fee of up to 12.5% of any secured loan amount borrowed. There are no broker fees on unsecured loans.
Can I pay off a business loan early?
You can pay off a loan early; however, there may be an early repayment fee. This will normally reflect the amount of interest that would have been paid had the loan reached the end of its agreed term. This could make early repayment a less attractive option, so it’s always best to make sure you understand the terms of the loan and are confident you can repay it.