Christmas can put extra pressure on household budgets, but Northern Community Bank offers a range of Christmas loan options to help spread the cost of the festive season.
It’s beginning to look a lot like Christmas. Which means we’re all beginning to look at our bank balances a lot more, too.
There are the presents to buy, the food to stock up on, the Christmas parties, the family get-togethers and, of course, that last-minute dash to the shops when you’ve forgotten someone off your list.
And that’s before we’ve even mentioned the cost of keeping the house warm while the weather outside (and the cost of living inside) is frightful.
It all adds up. And while Christmas should be about spending quality time with family and friends, the financial pressures can sometimes take a little of the sparkle out of the festive season.
That’s where a bit of forward planning can make all the difference.
If you’re thinking about spreading the cost, Northern Community Bank offers a range of Christmas loan options to suit different circumstances, helping you enjoy the festivities without putting too much pressure on your finances.
We can’t wrap your presents. But we can help.
We can’t wrap your presents for you. And we’re certainly not volunteering to cook Christmas dinner for the whole family. But what we can do is offer a range of borrowing options to help make the festive season a little more manageable.
Our £500 Family Loan is available to eligible people receiving Child Benefit, with no credit check and repayments made through Child Benefit over 50 weeks (42.6% APR). All applications are assessed for affordability.
There’s also our £300 Starter Loan, available to eligible new account holders, including those who don’t receive Child Benefit. There’s no credit check, although income, expenditure and eligibility checks apply. And repayments are spread over 13 months (42.6% APR).
For those needing a different amount, our Standard Loans range from £150 to £15,000, subject to credit checks, with repayment terms of 12 to 60 months (12.7% – 42.6% APR).
And the good news? Applications are simple, decisions are made by real people within two working days, and there are no set-up or early repayment fees. Now that’s something worth raising a glass of mulled wine to.
A community bank that’s not just for Christmas
Of course, Northern Community Bank loans aren’t just for Christmas. They’re for the whole year round.
And just as Christmas is about family and looking out for one another, our ethos is firmly rooted in community and doing what’s right for the people and places we serve.
For more than four decades, we’ve been helping people save, borrow and make the most of their money.
As a not-for-profit organisation, we’re able to offer competitive interest rates. And when we do well, our account holders benefit too.
There’s also our free bereavement fund benefit, subject to eligibility rules, and our Save as You Borrow scheme to help build savings while repaying a loan.
With a secure mobile app, online account management and easy applications from the comfort of your sofa, looking after your money couldn’t be simpler.
Leaving you more time for the things that really matter. At Christmas and all year round.
