What are the eligibility criteria for a loan?

This is one of the most common questions we are asked, and it is also one of the most difficult questions to answer! This is because eligibility will depend on what your circumstances are and what is right for you. Our loan assessments are carried out face-to-face which means we can get to know you and how your finances work because we understand that every household is unique.

We are proud to be one of the few lenders in the UK that does not have a computer or algorithm making our lending decisions. This means that whatever your circumstances, your dedicated loans adviser can work with you to provide tailored and holistic advice and support.

This approach gives us the flexibility to lend to a wide range of people, from people in full-time employment looking to spread the cost of home repairs, through to those who may not have easy access to finance elsewhere. This could be because you are self-employed, in receipt of benefits, retired or currently seeking employment. We can also accept applications from people with a poor credit history or County Court Judgements, so long as we can understand from you how these came about and how you are working to rectify the situation.

The best news is that, unlike other lenders, your circumstances will not mean a higher interest rate. Our loans are funded by local councils.  This means that we can offer you a low interest rate. Your local council policy will determine who is eligible to apply for a loan. Also, unlike other lenders, the interest rate does not change depending on how much you borrow or for how long. This means that whether you borrow £1,000 for 5 years, or £15,000 for 15 years, the interest rate is always the same.

To apply for a loan or find out more, contact us now. This will not impact on your credit score.

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 at £101.25 per month. Total amount repayable = £12,149.42 plus £20 Land Registry fee. No early repayment charges. Other loan products are available, and your adviser will discuss your options at a free, no-obligation appointment.

Missing payments could affect your credit rating and ability to obtain credit in the future. Loans are typically protected by a Title Restriction and are subject to status.