There’s nothing we love talking about more at Northern Community Bank HQ than community bank loans.
So much so that we decided to jot down 10 reasons why we believe they’re a fantastic option for anybody who needs a little helping hand financially.
History.
For 40 years, we’ve helped hundreds of account holders borrow to pay for life’s big expenses. Whether it be moving home, going on holiday or a birthday/wedding celebration, we’re with you every step of the way.
Competitive interest rates.
Are community bank loans cheaper than high-cost credit lenders? Yes. Do community bank loans offer highly competitive interest rates in comparison to mainstream banks and building societies? Yes. Our rates sit between 12.7% APR and 42.6% APR and are paid on a decreasing balance – so the interest is always reducing. Borrow £500 through our family loan and saving scheme over 12 months at 42.6% APR, and you’ll pay back just £96.92 in interest.
Apply online.
You’re more than welcome to pop in and see us whenever you wish. However, we know face-to-face visits are not always possible. That’s why you can apply for community bank loans from the comfort of your own home. Apply online, decision online, sign online; it’s as simple as that.
Quick turnaround.
A broken-down car. A boiler on the blink. An unexpected bill coming through the letter box. Sometimes we need money fast. And sometimes payday can’t come fast enough. As long as you provide us with the relevant information, we aim to have a decision for you within 48 hours.
Repayments tailored to suit you.
Our decisions are made by real people, not computers. By carefully assessing each applicant’s personal circumstances, we are able to make loan decisions based on affordability (not just a credit score), allowing for repayments to be spread out over a manageable period.
Save as you borrow.
A loan shouldn’t last forever, and at Northern Community Bank, we are committed to helping our account holders build for the future. If approved for a community bank loan, you will start to save alongside making your loan repayments, helping you build up a pot of money for a rainy day.
Our mobile app.
All Northern Community Bank account holders have access to both our secure mobile app and ‘Online Account’ area where you can check balances, request withdrawals and apply for loans.
No strings attached.
With community bank loans, what you see is what you get. No fancy sales speak, no hidden charges, no early settlement fees. Unlike other lenders, the interest rate you see advertised with us is the interest rate you will pay.
Community comes first.
We take great pride in helping our account holders provide a better future not just for themselves, but their families, their children and their grandchildren. Northern Community Bank removes people’s finances from the commercial arena, where profit is the name of the game, and puts them back into the community where you are the owner and beneficiary.
Nothing is too much trouble.
Our friendly, knowledgeable, helpful staff are at the heart of everything we do. Whether you want to enquire about community bank loans, or ask us another finance-related question, we are here to ensure your experience is as stress-free as possible.
