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Boost your growth with Instant Loan

Instant Loan is a one-year loan for Tide members that cover 12 fixed monthly instalments.

This guide shows you how to:

🔗 Take out an Instant Loan

🔗 Check your Instant Loan eligibility

🔗 Repay your Instant Loan

🔗 Manage your Instant Loan

Check your Instant Loan eligibility

Check your Instant Loan eligibility

To determine your eligibility, we look at your company credit score, the revenue and turnover paid into your Tide account, and more.

In your app:

  1. Tap Finance > Loans

  2. Tap Pre-qualified offers > Instant Loans

Here you'll see your available credit limit, based on your credit eligibility.

If you don't see the Instant Loans option, you're currently not eligible. This may change over time.

Min and max loan amounts

The minimum amount you can take out for a single Instant Loan is £1,000. The maximum amount depends on how much of your Tide credit limit is still unused.

How to take out an Instant Loan

How to take out an Instant Loan

  1. Tap Finance > Loans > Pre-qualified offers

  2. Tap Instant Loans > Select Loan amount

  3. View the loan breakdown and confirm

  4. Read and accept your Instant Loan repayment terms including interest

  5. Sign the personal guarantee and confirm the loan

Once your Instant Loan is approved, we'll transfer the amount to your main account instantly. You can start using the money as soon as it appears in your account.

To have more than one loan at the same time, you should make at least one monthly repayment on the first Instant Loan you took out.

View your personal guarantee

View your personal guarantee

A personal guarantee is a legally binding agreement where you as the business owner or director of the company agree to be personally liable for the repayment of the company loan.

  1. Tap Finance > Loans

  2. Tap Instant Loans > Manage > Personal Guarantee

Signing a personal guarantee means that if your business becomes unable to pay the monthly instalments, you will take responsibility for repayment of the loan in your personal capacity.

Your Instant Loan interest rate

Your Instant Loan interest rate

There’s no subscription fee for using Instant Loan – you’ll only pay the interest rate on the money you borrow. We apply a monthly interest rate of 3.3% to the outstanding amount over 12 months.

A representative example:

You take an assumed unsecured loan* for £4,000. 

  • The annual percentage rate** is 47.6% 

  • The fixed monthly interest rate is 3.3%

Over a 12-month repayment period, you’ll pay back 12 monthly instalments of £409.08 – the total amount payable would be £4,908.94.

* An unsecured loan means you don't have to put up assets (like your house or car) as collateral, even though you are still required to provide a Personal Guarantee.

**Or how much this loan would cost you in a single year.

4 days past the due date

8 days past the due date

45 days past the due date