Creditcorp Slice charges a single flat fee of 6% on the face value of the bill being spread. This fee is fixed at the point of approval and does not increase over the repayment period, regardless of which instalment schedule you select.
How the maths works
The fee is straightforward: multiply the bill amount by 0.06 to find the charge, then add that to the original bill to get your total repayment. Divide the total by the number of instalments — three or four — and that is your weekly payment. To use illustrative numbers: a £10,000 bill carries a £600 fee, giving a total of £10,600. Over four weekly instalments that is £2,650 per week. These are example figures only; your actual terms depend on your company's profile and the specific bill.
Why a flat fee rather than interest
Unlike a loan with daily or monthly interest, Slice does not accrue charges over time. The cost is locked in when you accept the facility. This means you know from day one exactly how much you will repay in total, making it easy to budget. There is also no penalty for paying early — you will not be charged more simply because you clear the balance in advance.
No hidden extras
The 6% fee is the full cost of the facility. There are no arrangement fees, no administration charges added to individual instalments, and no late-payment rate that ratchets up if you miss a payment date. If your payment does fall late, the applicable terms are set out in your agreement, but the structure is deliberately transparent.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: How does Creditcorp Slice work?, What is the weekly instalment schedule for a Slice?.