Low cost short term loans can give you a bit of breathing room without turning a temporary problem into a much bigger one.
Lots of unexpected things in life are great. Finding a tenner in an old coat pocket. Waking up before your alarm and realising you’ve still got an hour left.
Unfortunately, the universe has a wonderful way of evening things out.
The car starts making a noise it definitely wasn’t making yesterday. The washing machine gives up halfway through a load. Or an expense lands at precisely the point in the month when you could really have done without it.
That’s where low cost short term loans can sometimes save the day.
At Northern Community Bank, we offer low cost short term loans designed to help people get over those annoying financial bumps in the road without turning to expensive forms of borrowing.
You’ll know what you’re repaying from the start, with an agreed repayment plan based around what you can realistically afford.
Because sometimes you don’t need thousands of pounds or years of borrowing. You just need a bit of breathing room to get something sorted and carry on with life.
What do people use low cost short term loans for?
There isn’t really such a thing as a convenient unexpected expense.
One of the most common reasons people come to us is car trouble. If you rely on your car to get to work, do the school run or simply get around, a repair can’t always wait until the next payday.
Household appliances are another big one. Fridges and washing machines have a habit of breaking when you least want them to (not that there’s ever really a good time) and replacing them can leave a sizeable hole in the monthly budget.
We also see people borrowing to cover urgent household repairs, particularly when something needs dealing with straight away rather than putting off for a few months.
Other account holders might need help with an unexpected bill or another one-off cost they hadn’t budgeted for.
Whatever the reason, low cost short term loans should still be affordable and manageable.
That’s why we’ll always look at your circumstances to see what you can realistically repay, rather than encouraging you to borrow more than you need.
Short term loans, long term support
Yes, Northern Community Bank can help with the short-term stuff.
Our low cost short term loans can help get the car back on the road, replace the appliance that has suddenly packed in or make an unexpected bill a little less painful.
But we’re not just here for the emergency.
As a community bank, we want to help account holders build a stronger financial position over time too.
One way we do that is through our Save as You Borrow approach. While you repay your loan, you also build up savings alongside it.
It might only feel like a small amount at first, but by the time the loan is paid off you’ve also started creating a tidy little savings buffer of your own.
That means the next unexpected expense might not feel as daunting. And, with a bit of luck, the universe might even owe you one.
