SAPI Loans FAQs
Find answers to commonly asked questions regarding SAPI Loans.
How SAPI Loans Works
What is SAPI Loans?
SAPI Loans provides access to funds to grow your business, with no hidden fees or lengthy applications to fill out. Upon approval, funds are deposited as soon as the next business day – so you can invest in your business immediately to increase inventory, purchase equipment, hire employees and more.
What is the repayment length of my loan?
Learn how to download your loan agreement in your SAPI Loans Dashboard.
Is there a minimum payment?
Yes, you’re required to pay at least 1/18 of your initial loan balance every 60 days to make consistent repayment progress. For most SAPI Loans business customers, regular processing volume will cover the minimum payment.
Note: If you just make the minimum payment, you will only pay down half the total owed balance of your loan. You will owe the remaining balance upon the maturity date of your loan and may be debited for that amount.
What interest rate and fees apply?
Additionally, there are no application, prepayment or late fees.
When will I receive the funds?
However, please know that the time that it takes for those funds to be available to you will depend on your bank’s processing speed. It can take some banks up to three business days to process this deposit if there are internal flags from their end. For more information about your bank’s processing speed, please contact us.
Can I cancel my loan?
Can I change my loan amount after funds have been deposited?
Can I change my repayment rate after I accept my offer?
Does applying for SAPI Loans hurt my credit rating or require collateral?
Is the loan fee VAT inclusive or exclusive?
SAPI Loans Collateral
Is collateral required to obtain a loan through SAPI?
Is a personal guarantee required?
All loans are issued by SAPI Group Limited. Companies House No. 12014174. Valid bank account is required. Actual fee depends upon payment card processing history, loan amount and other eligibility factors. A minimum payment of 1/18th of the initial loan balance is required every 60 days and full loan repayment is required within 18 months. Loan eligibility is not guaranteed. Eligibility criteria include consistent and continuous payment card processing. All loans are subject to credit approval. Terms and conditions apply.
Information Requested by SAPI Loans
Your Credit Rating and SAPI Loans
Business Sold or Closed
Can’t find your questions?
Talk to us! We’re always available to help.