If you are a member in permanent employment you might be able to apply for a Flexi Loan for a higher amount and at a lower rate of interest.
We offer Flexi Loans on amounts between £2,000 and £7,500 with the amount determined on how much you can afford to repay. If you have a good savings record with us, we might even be prepared to lend you in excess of £7,500. In exceptional circumstances, we could agree a loan up to £15,000. We might even consider price matching a loan quotation that you have received from another lender.
We will charge an interest rate of just 1% per month on Flexi Loans, which represents an annual percentage rate (APR) of only 12.7%, and your loan can be for any period between 1 and 3 years.
Your loan will be released once we have confirmation from you that your repayment method is set up. We would again be prepared to top-up your Flexi Loan when 50% of your existing loan has been repaid.
We will ask you to commit to saving a regular amount with us for the period that the loan is in existence and we will agree the amount of savings with you prior to your Flexi Loan being released.
1% per month 12.7% Representative APR
|Loan Term||24 months|
|23 Monthly Payments of||£94.36|
|1 Final Payment of||£69.93|
|Total Interest Payable||£240.21|
|Total Repayment Amount||£2240.21|
Figures are shown as a guide only and may differ slightly from an actual quotation. Terms and conditions apply.
On any loan made by us, you must be able to demonstrate that you have the ability to repay that loan.