A few years ago, ‘What is an online loan?’ was a question we regularly heard at Northern Community Bank HQ.
That – like so many other things – changed markedly during (and since) the pandemic.
As people’s habits shifted in order to reduce the spread of the virus – working from home, shopping online, travelling locally, socialising less – the way we communicated became a lot more digitally focussed.
For Northern Community Bank, we always want what is best for our account holders.
Although we love seeing people in branch, we believe the online loan options we provide allow account holders to interact with the credit union in the most comfortable way possible.
And comfort should be at the forefront of any lenders’ mind.
Applying for a loan can be a stressful, anxiety-inducing experience – even for those who are generally cool, calm and collected.
Our aim is to make the whole online application process as stress-free as possible. Here’s how:
How easy is it to apply for an online loan at Northern Community Bank
As easy as 1, 2, 3.
1. Apply online. 2. Decision online. 3. Sign online.
Being able to apply for an online loan from the comfort of your own home, gives you time to pull together any answers or information you may need.
The entire process – from start to finish – can be completed either through our secure App or Online Accounts Area. In fact, the only time you’ll need to leave the sofa is when you get up to go and make a cuppa.
Need to provide bank statements? No problem. The Open Banking system is safe and straightforward, or if you wish, you can send securely through the secure App.
Once we have all the relevant documentation, you can expect a decision within 48 working hours. Ease as well as speed.
How much can I borrow with a Northern Community Bank online loan?
Reasons for needing a little cash boost come in all shapes and sizes.
Trips abroad – the summer holidays are here. Days out with children – the school holidays are here. New school uniforms – the school holidays will soon be over.
Northern Community Bank provides both small and larger loans from £150 to £15,000.
Our popular £500 Family Loan & Saving Scheme even allows you to borrow and use your child benefit to make the repayments and saving deposits. We also assess affordability with no credit check.
And while technology continues to advance at a terrifying rate, with new fangled digital tools at everyone’s disposal, our loan decisions are still made by real people, not computers.
This means we are able to carefully assess each applicant’s situation, focus on affordability, and tailor repayments sensibly.
Northern Community Bank will never stop planning for the future. But with a reputation built on 40 years of devoted community service, we’ll never abandon our traditions either.
