Our affordable loans are available for just about any purpose – a new car, children’s savings, computer, holidays, weddings, Christmas expenses or home improvements.
Our rates are competitive, fair and affordable.
Every loan comes with an inclusive bereavement benefit for peace of mind without the added expense*.
We make loans of anything from £100 to £25,000 and the amount you can borrow and the interest rate we will charge will depend on your circumstances.
Our rates vary from 8% APR to 26.8% APR and are only charged on the reducing balance of your loan.
This means we only charge interest on the amount you still owe us. So, as you repay your loan the amount of interest you pay will reduce. On top of this, we don't charge early repayment fees.
One third of your loan balance is kept as security against your loan. For example, if you had a loan balance of £600, £200 of your savings would be kept as security, meaning you could only withdraw anything over this amount. As the loan balance decreases, so does the security. Once you have cleared your loan, the money held as security can be withdrawn as usual.
Get in touch if you want to find out about a Personal Loan, Green Loan, Consolidation Loan, and much more.
*This payment applies to all Commsave members, provided their account is not dormant and they are up to date with repayments on any Commsave loan they have.
