Thank You
You have completed the first part of your loan application – congratulations!
What's next?
You’re all set for now! We’ll text you within 1 working hour (Mon – Fri, 9am – 4pm), or call you if you would prefer.
For the next stage, you’ll just need:
- Photo ID (e.g. driver's license, passport)
- 2 forms of proof of current address (e.g. any letter received to your address)
- UK bank details and last 2 months bank statements OR access to Open Banking
We will also run a credit check in the next part of your application.
If you or we decide now isn’t the right time to go ahead with your loan application, don’t worry, you can still open your account here and work with us to get to where you want to be.
Rather speak to us in person? We can continue your application at our office, 187 Fog Lane, Burnage, M20 6FJ, where our friendly team will be happy to talk you through it 😊
Want to get ahead?
When we contact you, we’ll ask you to download our mobile messaging app. If you’re ready, you can make a start yourself by clicking the button below.
What to expect
You can apply for a loan right away! Simply fill in our online loan application form and we’ll be back in touch within 1 working hour. We’ll then finish signing you up and guide you through the application process.
Our members most often find repaying through a standing order to be easiest option. If you are employed by one of our payroll partners, your loan repayments can be taken directly from your wages through payroll deduction, so you’ll never have to see the money leave your account. If you’d prefer to call into the office, feel free to pay by cash.
Interest on all of our loans is calculated daily on the reducing balance of your loan. With every repayment you make, you clear the interest accrued since your previous repayment and your interest is then calculated for your next repayment on the reduced balance – the lower your balance, the less interest you pay.
For our Welcome Loan, youcan set your repayment period at as little as 3 months and as much as 12 months. The maximum allowed repayment period increases for some of our other loans.
As a responsible lender, we will run a credit check on your first loan application. Our policy is that we may run a credit check on any loan application. Your application will be assessed based on your credit file, affordability, and your personal circumstances, not just your credit file alone.
Our loan interest is designed to be as fair and affordable as possible. As a not-for-profit, we are only interested in giving our members the best deal. Loans as small as £150 are charged at 42.6% APR, and loans from £3,000 upwards are charged at 14% APR. All interest is charged on the reducing balance – here’s a quick example: borrowing £300 and paying £10 per week over 34 weeks means you pay £37.44 interest. We have no other fees or charges.
