Our loans are funded by local councils. Interest rates are set in line with local council policy, and eligibility criteria will apply.
This means that the interest rate will not go up, or down, during the term of your loan.
As we have no early repayment charges or penalties, you are free to repay your loan at any stage during the term. Simply contact us for a settlement figure and we can give you details of how to settle your loan balance.
As a Social Enterprise, we are not driven by profit, however this is still a loan and should be considered carefully based on your circumstances
Find out more about how it works
Representative Example (4% fixed interest rate, Representative 4.2% APR)
Loans are subject to status and are typically protected by a Title Restriction. Borrow £10,000 over 120 months, £101.25 monthly repayments. Total amount repayable = £12,150, including a £20 fee for registering the Title Restriction against your property at the Land Registry. The £20 fee is only payable if a loan is agreed by Lendology and you decide to proceed with a loan. We do not charge interest on the fee.
A Title Restriction means that you may not be able to sell your home without our permission unless the loan is fully repaid.
Missing payments could affect your credit rating and ability to obtain credit in the future.
The information provided does not constitute financial advice and should not be relied upon as such. It is intended for general information only and may help you understand the options available. You should consider your individual circumstances before making any financial decisions
This is a financial promotion approved by Lendology CIC.
