Personal Finance

 

Through our finance partners, we offer a variety of services and accounts that allow you to manage your finances with savings and loans.

Loans

Personal Loan Account - with a personal loan account you can apply for up to £7,500 which can be repaid over between one and five years. Typical interest rate is 12% per annum (APR 12.68%).

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Personal Flexiloan account - a Personal Flexiloan option is similar to an overdarft facility, there ready when you need it. With a Personal Flexiloan, you make a set monthly payment which allows you to borrow up to 30 times this amount. For example, £40 per month would give you a flexible loan amount of £1,200, allowing you to redraw up to your limit as and when required (subject to conditions).

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Home Improvement Loans - householders can apply for a loan ranging from £1,000 - £20,000 at reasonable rates. These loans can be used for:

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Greener Loans - a Greener Loan offers householders a low interest loan option to help install energy saving measures in the home, for example, a new boiler or solar panels

You can apply for a loan up to £7,500, which can be repaid over between one and five years. Typical interest rate is 9% per annum (9.4% apr).

Example loan £5,000 over 5 years – monthly repayment £103.79.

There are no administration fees and no early repayment fees.

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Disability Loans - We provide finance services which offer individuals with disabilities flexible loans at a reasonable rate to help improve independence and quality of life. These loans can be used for:

You can apply for a loan up to £7,500, which can be repaid over between one and five years. Typical interest rate is 9% per annum (9.4% apr).

Example loan £5,000 over 5 years – monthly repayment £103.79.

There are no administration fees and no early repayment fees.

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We can assist with preparing the loan application and ongoing support. Every client is supported by our expert team, who offer invaluable advice and assistance.

Example Loan Illustrations*

Loan Amount

£2000

£3000

£5000

£7000

Monthly Interest Rate

1.50%

1.25%

1.00%

1.00%

APR

19.6%

16.1%

12.7%

12.7%

Term in months

24

36

48

60

Monthly Repayment

£99.85

£104.00

£131.67

£155.71

Total Repaid

£2396.36

£3743.86

£6320.12

£9342.67

Total Interest

£396.36

£743.86

£1320.12

£2342.67

N.B. (*Details may vary subject to chosen lender)

All loans subject to status and underwriting

No penalty for early repayment

Savings

Through our credit union partner, you can save as little as £10 up to a maximum of £15,000. There are no charges for paying in or withdrawals.

Members can save via –

  1. Standing order from your Bank.
  2. Workplace Savings schemes with local employers – automatic deductions from your wages or salary – sent directly to your Credit Union account.
  3. Have benefits paid into your account
  4. Have salary / wages paid direct to your Credit Union account.

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ISAs - Tax-free savings at 3% per annum interest are available here.

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All our financial products are provided by our financial partners - details available on request.