Looking for cheap personal loans without making things more complicated than they need to be? At Northern Community Bank, we’ve been helping people borrow what they need at an affordable rate for more than 40 years.
Working somewhere like Northern Community Bank, you’re obviously going to come across a lot of numbers. Some are more memorable than others.
Take £200 million. That’s how much we’ve lent to people across the communities we serve over the past 44 years. Or £150 to £15,000, which is the range of cheap personal loans we currently offer, with repayment terms from 12 to 60 months.
But numbers only tell part of the story.
What matters just as much is what those loans actually mean to people. Sometimes it’s helping somebody deal with a bill they weren’t expecting. Other times, it might be helping with a bigger purchase they’ve been planning for months.
One account holder summed it up perfectly: “They are there at times of need and you save too so it’s a win-win situation, I highly recommend them.”
That’s what cheap personal loans should really be about.
Borrowing without all the fuss
There isn’t one particular reason people come to us for cheap personal loans. Life doesn’t really work like that.
You might need a few hundred pounds to cover an unexpected expense. You might be looking at buying a car, a caravan or something else that costs a bit more. Whatever the reason, we try to keep the whole process as straightforward as possible.
Loan decisions are made by real people, not just a fancy computer automatically saying yes or no. We look at what you can realistically afford to repay rather than simply judging everything on a credit score.
We’ll usually make a decision within 48 working hours and, if your application is successful, the money can be sent by BACS payment the same day.
There are no hidden fees either, and our online loan calculator lets you have a look at what different borrowing amounts could cost before you apply. You see; it’ll all pretty simple really.
A rate that is actually the rate
APR can sometimes make borrowing feel far more complicated than it needs to be.
You’ll often see lenders advertising a Representative APR, but that doesn’t necessarily mean it’s the rate you’ll personally be offered. With Northern Community Bank, the rate we quote you is the rate you pay.
That makes comparing cheap personal loans a bit easier because you know exactly where you stand.
We’re also a not-for-profit community bank, so our focus isn’t on making as much money as possible from people who borrow from us. It’s about providing affordable financial services to the communities we serve.
Our Save as You Borrow scheme also means you can build up savings while repaying your loan, helping you put a little something aside for the future at the same time.
And because your account can be managed online or through our secure mobile app, keeping track of everything is straightforward too.
