Tide Logo
Tide Logo
Tide Logo
Tide Logo

How to take our and manage your 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.

Repaying your Instant Loan

Your monthly repayments start one month later – on the exact date you've taken out the loan. On this fixed due date, we’ll automatically collect the payment from your main Tide account.

Your repayment schedule

Before you confirm the loan, we’ll show you the repayment amounts and schedule.

You can also see this on your Instant Loan dashboard:

  1. Tap Finance > Loans

  2. Tap Instant Loans

Paying your loan early

  1. Tap the Support icon in the top-right of your app

  2. Our team will help you further

4 days past the due date

8 days past the due date

45 days past the due date

Tide | Do what you love.
Tide Platform Limited (Tide) designs and operates the Tide website and app. Tide is not a bank. Tide is authorised by the Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011 under firm reference number 900843 for the issuing of electronic money and the provision of payment initiation services and account information services under the Payment Services Regulations 2017. Tide is also authorised and regulated by the Financial Conduct Authority in relation to its credit and insurance broking activities (firm reference 718743). Tide is incorporated and registered in England and Wales with company number 09595646 and registered office at 4th Floor The Featherstone Building, 66 City Road, London, EC1Y 2AL. Tide offers bank accounts powered by ClearBank® Ltd (ClearBank) (account sort code is 04-06-05). ClearBank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 754568. Eligible deposits with ClearBank are protected up to a total of £120,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. For further information visit Home. ClearBank Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 754568). Registered Address: ClearBank, Level 27, The Broadgate Tower, 20 Primrose Street, London, United Kingdom, EC2A 2EW. Eligible deposits held in the Tide Business Current Account (powered by ClearBank) are covered by the Financial Services Compensation Scheme (“FSCS”) subject to eligibility. All eligible deposits at the same bank are aggregated to determine the coverage level for each depositor up to £120,000, therefore if you have any other product/services with ClearBank these will be aggregated. To find out more and to check your eligibility please visit: About us . Some of Tide’s members also hold e-money accounts powered by PrePay Technologies Limited (PPT) (account sort code is 23-69-72). PPT is an electronic money institution authorised by the FCA under the Electronic Money Regulations 2011 under firm reference number 900010 for the issuing of electronic money. PPT holds an amount equivalent to the money in Tide current accounts in a safeguarding account which gives members protection against PPT’ insolvency. Tide Cards may be issued by both Tide and PPT, who are licensed by Mastercard International for the issuance of cards. The issuer of your Tide card will be identified on your monthly card statement. Tide Capital Limited is an appointed representative of P1 Investment Services Limited which is authorised and regulated by the Financial Conduct Authority under firm reference number 752005 to carry out such regulated activities as are involved in the provision of Tide Investment Account. Seccl Custody Limited is the custodian of assets held in Tide Investment Account and is authorised and regulated by the Financial Conduct Authority (firm reference number 793200) and registered in England and Wales under No. 10430958. Registered office 20 Manvers Street, Bath BA1 1JW. Tide, the Tide logo, the Swell, and Do Less Banking are trademarks and trade names of Tide Platform Limited, and may not be used or reproduced without the consent of the owner.