Our calculator makes it easy to estimate the cost of a loan. Adjust the loan amount, term and interest rate to compare options instantly, so you can start the conversation with confidence.
The results are a guide only and not a formal quotation.
Loan Calculator
Bridging finance doesn't have to be complicated.
£27,500 - £3million
Whatever the business purpose, our loans can fund from small to large.
30min decision
We can provide an offer without credit checks in less than an hour.
Up to 75% LTV
High LTVs for a range of business purposes.
We’re flexible
You choose the loan term and when to pay the interest.
Understanding the Costs
A quick guide to what the calculator shows and what drives the cost.
What the Calculator Shows
The calculator shows your net release, the amount you would actually receive after the fee and interest are deducted.
It lists the loan amount, fee, interest, LTV and net release so you can compare scenarios at a glance.
Retained or Serviced
With retained interest, the interest is held back at the start and you make no monthly payments.
With serviced interest, you pay monthly and receive a larger net release. Switch between the two to see the difference.
What Affects the Cost
The amount, the term and the rate are the main drivers.
A shorter term usually costs far less, and your rate depends on the loan-to-value, the property and your exit strategy.
How Much You Can Borrow
Somo lends from £27,500 to £3,000,000, over 1 to 36 months, up to 75% LTV.
We lend on property in England, Scotland and Wales, and consider companies, SIPPs, the self-employed and adverse credit.
FAQS
LET'S GET STARTED
Looking for fast, flexible finance?
Fill in your details, and one of our team will be in touch to provide you with an offer in as little as 30 minutes.