Apply online in minutes
Tell us about your business using our simple online form.
We approve you based on your business performance. Our soft search does not impact your credit score.
Decision in two days
You’ll get a funding offer in less than 48 hours, if your application is approved.
Receive your funds
Receive the money within 2 days of your offer being funded.
Social care and primary care businesses are among those making a positive contribution to our world. As a result, they align well with our values-based approach to business growth funding. We believe companies should serve their communities and we welcome applications from businesses that share our values.
Our finance is rated as Sharia-compliant, meaning it’s managed in line with Islamic principles. These principles are based on doing business in a way that benefits the community and avoiding industries that are considered damaging, such as those involving alcohol, tobacco and gambling. These principles also require the avoidance of paying or receiving interest, meaning our business finance is interest-free.
Any UK company can apply for Islamic finance, as an alternative to a conventional business loan. Just because the funding is Sharia-compliant does not restrict who can benefit from our ethical approach.
Our finance differs from conventional loans because it’s an interest-free method of raising working capital.
Get the working capital your business needs without tying up valuable business assets as security. We don’t ask for collateral, leaving you in full control of your assets.
Apply in minutes
Your time is valuable and we don’t ask for very much of it. Our application process is streamlined, because we ask only for what we need, nothing more.
Prompt access to cash
Once your offer is fully funded you will receive the money in your account in 2 days.
You stay in control
It’s important you stay in control of how the funds are used, because you know how best to use them in your business.
There are no interest payments. Instead, we do charge a rate (i.e. profit rate) that’s set in advance and a processing fee, which is agreed with you at the start.
Socially responsible finance
We’re pleased to provide finance for businesses and organisations that make a positive contribution to society. This includes many small and medium-sized firms across many different industries.
“It was great working with Qardus for a second time to raise this working capital facility. The additional funding will help support stock control to service the high demand we are currently experiencing. Thank you for making the process from end to end seamless and straightforward, we highly appreciate it.”
Shahid Khan, Director, Biomed Care Services
Use our unsecured finance to help your healthcare business thrive.
Maintain your growth
Continued expansion puts pressure on cash flow. Boost your available cash through our flexible approach to business finance.
Upgrade your systems
Enhance your quality of service by implementing newer, faster, more efficient processes, software and infrastructure.
Freshen up your image
Strengthen your brand by keeping it up to date, smartening up your team and your premises, and retaining the professional image that builds trust.
Invest in growth
You know where to go for growth. Using our unsecured business finance, you can have the money you need to seize those new opportunities and to thrive.
We charge an arrangement fee ranging from 5% to 7% that is paid by the small business seeking financing on drawdown of the funds. In practice, it will be retained from the advance.
An administration fee of 15% of arrears may be applied to any repayments that are more than 7 days late.
If your facility is placed into default, we may charge an additional collections charge of up to 15% of the outstanding financing amount at the time of default.
Your application to obtain funding on the Qardus platform can take minutes to complete. Once this is done, our credit assessment team will review your complete application and get back to you within 48 hours (2 working days).If your application is approved, you have agreed to your financing agreement and have set up your Direct Debit, your financing request will automatically be listed on the marketplace so that registered Qardus investors can review it and offer to fund your business. Your financing facility can fund over a period of up to 14 days, although most financing arrangements fund in just a few days. As soon as it's 100% funded your listing will close and we will send you a confirmation email. As long as your financing facility is fully funded before 3pm on any working day, we will transfer the funds into your designated business bank account the same day. (NB: Funds can take up to 3 days to reach your account).
The total cost of your financing facility includes the rate you pay to investors, and Qardus fees. The rate (i.e. profit rate) your business pays back is determined by a number of factors, including the risk band your financing facility is given during our credit assessment process, and the length of repayment term. Your facility will be allocated a risk band once you have submitted your complete application to obtain funding on the Qardus platform.
Qardus currently provides the following type of financing: