What does ‘fixed interest’ mean? 

July 29 2020

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.

Representative Example (4% fixed interest rate, Representative 4.2% APR).
Loans are subject to status and are typically protected by a Title Restriction.

This means that the interest rate will not go up, or down, during the term of your loan.

However, you may find that your circumstances improve or interest rates elsewhere improve, and refinancing our loan means you will save money overall.  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. Borrowing through us means we can continue to recycle local council funds across the South West, creating a recyclable pot of funding to help homeowners with home repairs and improvements into the future.

For more information about our range of home improvement loans, click here

For a no-obligation chat with one of our friendly advisers, contact us here

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