Pricing Examples
We do not charge an arrangement fee to set up a loan with us and the repayment will be worked out according to how much you can reasonably afford. This will be discussed with your Loans Officer.
There may be some fees associated with securing the loan with the land registry and if you have an existing mortgage there may be a fee to obtain the necessary account information.
Fixed Interest Rate: Your loan rate will be fixed at 5.1% for the duration of the loan; therefore the repayment will always remain the same.
Each time you pay part of your loan whether it's a regular payment or over-payment, the interest is recalculated on the reduced balance. This means you only pay interest on the amount you still owe: It's the fairest way of charging interest.
Our Loan Options at a Glance
| Type of Loan | Term of Loan | Amount Available | Purpose | Early Repayment Charge | Interest Rate |
| Capital Repayment | 1 - 15 Years | £1,000 - £20,000 | Home Improvements: Repairs of adaptations subject to agreement from your local authority | No penalty charge for settling the loan early | Typical APR 5.1% |
| Interest Only | Initial terms will be based on life expectancy | £1,000 - £20,000 | Home Improvements: Repairs or adaptations subject to agreement from your local authority | No penalty charge for settling the loan early | Typical APR 5.1% |
Capital Repayment Loan Examples
| Loan Amount | Term of Loan | Monthly Repayment | Total Cost |
| £3,000 | 2 years | £131.61 | £3,159 |
| £5,000 | 3 years | £149.85 | £5,395 |
| £10,000 | 5 years | £188.71 | £11,323 |
| £15,000 | 10 years | £159.10 | £19,092 |
Interest Only Loans
| Loan Amount | Term of Loan | Monthly Repayment | Total Cost |
| £3000 | 2 years | £12.50 | £3300 |
| £5000 | 3 years | £20.83 | £5750 |
| £10000 | 5 years | £41.67 | £12500 |
| £15000 | 10 years | £62.50 | £22500 |