It’s a view we wish more trusted lenders shared: loans based on affordability, not credit check scores.
Over the years, we’ve helped hundreds of people who were worried that a less-than-perfect credit history would stop them from getting a loan. It’s stressful enough having a single black mark against your name (whether it’s a missed payment on a bill or another hiccup) without feeling blocked from borrowing.
At Northern Community Bank, we look past that. Instead, we focus on your affordability.
For example, a £500 family loan is available to anyone receiving child benefit, with no credit checks required: just a simple affordability assessment.
For larger loans, we do carry out a credit check, but your application is reviewed by a real person, not a computer, ensuring your circumstances are understood and considered fairly.
3 ways we can help you build a better credit history
- Reporting repayments to the credit reference agency. Every repayment you make on your loan is reported back to the credit reference agencies. This means your responsible borrowing is recorded and can improve your credit history over time, helping you demonstrate reliability to future lenders.
- Helping you stick to a repayment or savings schedule. We support our account holders in keeping up with their repayment or savings plans. By following a consistent schedule, you not only develop stronger financial habits but also increase your chances of being approved for future loans, should you need them.
- Building savings as you borrow. Our Save as You Borrow scheme allows you to grow your savings while repaying your loan. This means that as you work toward improving your credit, you’re also preparing for unexpected expenses, creating a safety net for the future. Savings are protected by the FSCS up to £120,000
What else does Northern Community Bank offer?
It’s not just loans based on affordability, not credit checks, that we believe in. Everything we do is built around one simple idea: fairer finance for everyone.
And that starts with how we’re run. As a not-for-profit organisation, we’re able to offer much lower interest rates than you’re likely to find elsewhere.
Lower. Definitely not slower. We pride ourselves on making fast decisions, because when money’s concerned, time is usually of the essence. You’ll normally get a decision within 48 working hours once we have all the information we need. If you’re successful, we can even make a same-day BACS payment.
There are no hidden fees, no set-up fees, no early repayment penalties on loan, no stress. We also offer a free bereavement fund benefit on savings and loans, subject to T&Cs.
And you can manage everything through our secure mobile app, making it easy to stay in control of your account.
So if you’re looking for finance that’s fair, fast and flexible (including loans based on affordability, not credit check) contact us today.
