Open Additional Account
Save more, your way. Easily open a free extra savings account to organise and grow your money with flexibility.
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Save more, your way. Easily open a free extra savings account to organise and grow your money with flexibility.
Find out moreBorrow £300. Save £10 every month.
Need a little extra help? We’ve designed the £300 Starter Loan especially for new borrowers to access an affordable small loan when you need it, while helping you build a regular savings habit at the same time.
A small loan can make a big difference. You could use your £300 Starter Loan for:
The Starter Loan is designed to help people who need to borrow, who do not currently have a loan with Northern Community Bank.
Whatever you need the money for, we'll look at your circumstances and affordability to make sure the loan is right for you.
With our £300 Starter Loan, we ask you to save £10 every month while you are paying back your loan. This amount is set aside and can’t be withdrawn until your loan is fully repaid – or your savings are more than what you still owe, in which case you can take out the extra. You can also choose to save a bit more on to– maybe for Christmas, holidays or life’s little treats – but that part’s completely up to you.
Our £300 Starter Loan is designed for account holders who need a smaller amount of borrowing.
Please note: We cannot lend to anyone in an Individual Voluntary Arrangement (IVA), Debt Relief Order (DRO) or Bankruptcy, this will be checked on application.
Representative example: Borrow £300 over 13 months at 42.6% APR. Monthly loan repayment £30. Total loan repayment £362. Cost of credit £62. A £10 monthly savings contribution is also required.
Weekly example: Borrow £300 over 52 weeks at 42.6% APR. Weekly loan repayment £7. Total loan repayment £357. Cost of credit £57. A £3 weekly savings contribution is also required.
FREE Bereavement Fund benefit on savings and loans*, so in the event of your untimely death your loan would be paid off and an additional payment from the fund could be added to your savings balance.
*Subject to T&Cs.
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Flexible repayment management - tell us your preferred loan repayment date and we’ll schedule your loan, around you
Loan decisions made by real people, not computers
Complete our simple online loan application. There’s no need to be an existing saver. Borrow £300. Save £10 every month. Apply today, with competitive interest rates and repayments tailored just for you.
Even if we can't offer you a loan, you're still welcome to save with us. For free, confidential debt advice, you may find support through:
Citizens Advice StepChange Debt CharityWhether you’re ready to open an account, want to ask a question, or just learn more about how we can help, the team are ready to help
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