Homeowner Loan

If you’re a homeowner with a strong credit history, you could benefit from a new, low rate on a personal loan with us, when borrowing £5,000 – £15,000. Our Homeowner Loan rates start from just 8.9% APR, giving you our best deal on borrowing.

Typical examples

£5,000 Homeowner Loan:
Borrow £5,000 over 3 years. APR 9.9%.
36 x Monthly repayments of £160.17.
Total repayable £5,766.12. Total cost of credit £766.12.

£10,000 Homeowner Loan
Borrow £10,000 over 5 years. APR 8.9%.
60 x monthly repayments of £205.51.
Total repayable £12,336.60. Total cost of credit £2,366.60.

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Why chose us?

  • We could save you money compared to borrowing on your credit card, overdraft or in-store credit plans

  • Our interest rates are competitive because we’re a not-for-profit organisation owned by members and run for the benefit of members.

  • Our loan decisions are made by people, not computers. If you’ve been turned down elsewhere, we may still be able to help.

  • We also pride ourselves on being fair and transparent – there are no hidden charges or early repayment penalties with our loans and we only charge interest on the reducing loan balance to save you money.

  • With us, you also save as you borrow – so you’ll build up a pot of savings for future use.

  • Repayments are taken by payroll deduction (for qualifying members), or direct debit making repayments easy.

    Please note, all loans are subject to our lending policy and affordability checks. Homeowner loans are not available for debt consolidation purposes. See further information below.

Homeowner Loan FAQs

We’ve answered some of the most commonly asked questions here in our FAQs below- from how we make loan decisions to how long it takes to receive a loan, but if there’s something else you’d like more information on, please get in touch, the team will be happy to help.

All loan applications are subject to our Loan Approval Policy. Members who have been declined for a loan with us in the last 3 months are not eligible to apply. We will check your credit history and assess the affordability of loan repayments by reviewing your bank account(s). We may also request additional supporting information depending upon your circumstances, such as payslips, ID documents or immigration paperwork. All lending decisions are ultimately at the discretion of our team. We always do our best to say “yes” but unfortunately that is not always possible. We will be happy to provide information about how we made any decision upon request.