All GRID Products operate at a fixed cost of capital per month and are priced on risk so may vary slightly depending on the output of the underwriting assessment. For more details please check our FAQ “What are the GRID product types and information requirements?”.
 
 There are no hidden fees on a GRID business loan. The cost of your loan is made up of two items. 

The first item is the GRID Arrangement Fee, this is fixed at €5 per €100, for instance, a €10,000 loan would translate to a GRID Arrangement Fee of €500 (excl. VAT). This is only charged when you drawdown the facility and we will incorporate this into your loan so you receive the full €10,000 you have requested  

The second item is the Cost of Capital, this is determined by the term and amount of the loan. This typically ranges from 1.0% per month (12.0% for the year)