Flexible Loan
The loan that lets YOU choose
The flexible loan is a simple loan that puts you in control of your finances.
You are given a credit limit which lets you decide how much you borrow,
when you borrow it and how much you repay each month. All at an attractive
variable rate of 13.9% APR (1.09% a month).
You can
- borrow from £2,000 - £10,000.
- have as much of the money as you want, whenever you want it. For example:
you could have some straight away and the rest a month or two later.
- know that you will only be charged interest on your outstanding balance
each month.
decide how much you repay each month (subject to a minimum amount)
- borrow more funds up to your credit limit at any time and we will
transfer them to your current account or send you Flexible Loan cheques.
- use your loan to buy anything you want - or even to pay off other
more expensive loans or credit cards.
- secure your repayments with Credit Protection Insurance.
It's your money...
- You can be certain that the money you borrow has not come from the profits of unnecessary pollution, human rights abuses or any other activity which conflicts with our strict ethical policy.
Flexible Loan Cheques
You can request that some Flexible Loan cheques be sent to you which you can use at any time.
You can use your cheques like any normal current account cheque. Just write them out to pay for goods or services or pay them into your current account, and the value will be added to your outstanding loan balance. Cheques can only be written for £500 and over.