For Businesses

Letters of Credit (LCs)

Trade with confidence — indicative LC-value pricing.

A letter of credit is a bank undertaking that guarantees payment to a supplier once agreed trade conditions are met, reducing counterparty risk in domestic and international trade. Pricing is charged as a percentage of the LC value (typically 0.5% to 2.5%) rather than an APR; the figure shown is an indicative reference only.

Suited to importers and exporters needing payment assurance. Indicative LC value of £10,000 to £5,000,000, typically covering a 1 to 6 month trade cycle. Amounts and fees shown are indicative; final terms are determined at underwriting.

Indicative product information. All financing subject to credit assessment, eligibility, and Goldcrest Financial Planning Limited's underwriting standards. FRN 810649.

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Key Terms

Indicative rate: From 2.00%
Amount: £10,000 – £5,000,000
Term: Up to 6 months
Origination fee: 1.00% of principal

Indicative pricing — final rate subject to credit assessment.

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Adjust the figures within this product’s range to see what you would pay approximately each month — indicative only.

Loan amount

£10,000 – £5,000,000

Term

1–6 months for this product

Annual interest rate (APR)

Indicative APR

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Monthly payment

You would pay approximately

£5,020.85 /month

Total repayable: £20,083.40
Total interest: £83.40

Indicative and illustrative only — this is not an offer or a quote. Final amounts are subject to credit assessment and Goldcrest Financial Planning Limited's underwriting standards. FRN 810649.

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Eligibility