Capify Review 2026: Rates, Fees & Is It Worth the Cost?

Capify is an alternative business lender for companies that need fast funding or have been declined by a bank. It offers unsecured loans, secured lending and merchant cash advances. This review checks the current funding limits, APR examples, fees, repayment terms, eligibility and whether the speed is worth the cost.

Capify at a Glance

Bottom line: Capify can fill a genuine gap when a bank says no or a business needs a rapid decision. It is not a low-cost lender. The APR examples and layered fees mean you should exhaust cheaper options first and use Capify only when the funding benefit justifies the total cost.

What Is Capify?

Capify is not a bank. It provides alternative finance to UK businesses, including unsecured loans and merchant cash advances. The lender considers limited companies, sole traders and partnerships, subject to product-specific criteria and underwriting.

The current Capify small-business-loans page states unsecured loans of £10,000 to £3,000,000 – the £3 million ceiling briefly dropped to £1 million in spring 2026 before returning. Capify’s own FAQ page still quotes a £5,000 minimum, so check the product and offer you receive.

Capify Products

Unsecured business loans provide a fixed amount with daily or weekly repayments over a short or medium term. Our July 2026 check records £10,000 to £3 million on the small-business-loans page (Capify’s FAQ still quotes a £5,000 minimum and terms of 3-12 months) and no early-repayment penalty.

Secured loans use property as security and are aimed at larger borrowing. The primary site does not publish a separate secured maximum that should be treated as universal. Ask how much security is required and what happens if the business cannot repay.

Merchant cash advances exchange a lump sum for an agreed share of future card sales. The payment amount rises and falls with takings, but the business must keep processing through an approved terminal. This is revenue-linked finance, not an APR loan.

Capify Rates and APR

Capify advertises interest rates from 10.99% per annum. That figure is not the total cost. Its published worked examples show 47.9% APR on £10,000 over 12 months and 67.89% APR on £24,000 over 12 months. The APR you receive depends on the amount, term, risk profile and fees.

Compare the total repayable amount in pounds. Ask for the interest rate, APR, processing fee, origination fee, monthly service fee, VAT treatment and early-settlement calculation in one written offer.

Do not compare Capify’s headline rate with a bank APR without including fees on both sides. A completion or origination fee can change the effective cost materially. Ask the lender to show the amount borrowed, total fees, total interest, total repayable and the date of the final payment on the same page.

Capify Fees

Our July 2026 check records a processing fee of £249 to £649, a 4% origination fee and a £24.90 monthly service fee. There is no early-repayment penalty in the current product facts. These charges sit on top of interest, so a low monthly repayment can still produce a high total cost.

For illustration, a £50,000 loan may incur a 4% origination fee of £2,000 plus a processing fee and 12 months of monthly service charges. The exact amount depends on the offer. Treat any illustration as an example and check the signed agreement.

Eligibility

Capify normally requires at least 12 months trading and about £10,000 monthly turnover for unsecured lending. The lender can consider limited companies, sole traders and partnerships. A personal guarantee is required from the majority owner or shareholder.

Capify says it considers a broad range of credit profiles, but acceptance is not guaranteed. Provide bank statements, management accounts, proof of identity, details of existing borrowing and a clear reason for the funding. For a merchant cash advance, the business must also have sufficient card payments, about £20,000 per month at our July 2026 check.

A personal guarantee means the owner can remain liable if the company cannot repay. Ask whether the guarantee is capped, when it can be called and whether it covers fees as well as principal. This risk should be included in your decision, not treated as a standard formality.

How Fast Is Funding?

Capify advertises a rapid online application and conditional decisions can be available quickly. The current facts record typical funding within 24 hours, subject to full approval and documents. The timeline can lengthen if the lender needs more bank statements, verifies ownership or reviews a complex trading history.

Fast funding is useful when a contract, stock purchase or tax bill cannot wait. It is not a reason to skip the affordability check. Model daily or weekly repayments against a slower sales month before accepting an offer.

Customer Reviews

Our July 2026 check records a 4.7/5 Trustpilot rating from 703 reviews, with 87% five-star reviews. Treat this as a dated public snapshot. Positive reviews often mention staff and speed. Critical reviews can involve paperwork, communication or repayment administration. Ask for the named account contact and escalation process.

Capify is a business lender, not a consumer-credit provider. Check the legal entity, complaints route and personal-guarantee terms in your offer. A strong Trustpilot score does not reduce the cost of borrowing.

Capify Compared with Alternatives

Capify’s main advantage is access and speed. Funding Circle and high-street banks can be cheaper for eligible limited companies and LLPs, although Funding Circle no longer accepts new sole traders. Liberis may suit a card-heavy business that prefers revenue-linked repayments. Start Up Loans can be a lower-cost route for eligible early-stage businesses.

Use our business loans hub and costs and rates guide to compare the total repayable amount. If a bank declines you, ask whether the reason can be fixed before accepting a high-cost alternative.

What to Check Before Signing

Ask Capify to show the full repayment schedule, including every fee and the amount that reaches your account. Confirm whether the processing fee is taken from the advance, whether VAT applies and whether the monthly service fee continues after an early settlement.

Check the personal guarantee wording and the events that trigger default. Ask what happens if turnover falls, a key customer pays late or you change payment processors. A merchant cash advance can still create a fixed obligation if the business stops taking card payments.

Keep the offer beside quotes from HSBC, Barclays and Funding Circle. Even if those lenders decline you, their response can show which part of your application needs strengthening before you pay a high alternative-lending premium.

Pros and Cons

Our Verdict

Capify scores 5.6/10. It is a legitimate last-resort option for a business that needs speed or cannot qualify for a bank loan. It is poor value when a cheaper loan is available. Compare the complete APR, fees, repayment frequency and personal-guarantee risk before accepting.

Clara Wenslow

Finance & Business Services Editor

Clara analyses SME finance and procurement markets, covering business loans, invoice finance, payroll, and related B2B services. She ensures each comparison and guide is transparent and data-driven.

Reviewed by

Sarah Mitchell

B2B Commerce & Finance Reviewer