Affordable and fair…
When you come to us for a loan, we spend time getting to know you; we base our decision on a loan application on your current circumstances and ability to make the repayments.
We do not use credit scoring to make our lending decision, although we do undertake a credit reference agency search to confirm your details. Each application is treated on its own merits and we will try to help even if you have had previous credit problems.
Unemployment or retirement are not a barrier to receiving help, as pension and benefits are taken into account as income when we assess your loan application.
Our key consideration is that you are able to repay the loan. If we provide you with a loan we want to be sure that it is in your best interests to do so. For this reason, we will always ask for proof of your identity and evidence of your income and expenditure from your last three months bank statements.
Additional supporting information is required for business loan applications, in the form of a simple business plan and financial forecasts.
The interest rate charged is fixed at the start of your loan and added to your account on a monthly basis. Over payments or early repayment can be made at any time without charge.