Now that you’re a top saver, we want to reward you.
That reward comes with a bespoke Credit Level and we drop the annual interest right down to 24% (APR 26.8%).
The interest continues to only be charged on the reducing balance – just Like the Welcome Loan.
Let’s have a quick look at an example:
If you borrow £500 from 1st July and pay £20 per week, it will be fully repaid by 6th January. You’ll pay £32.51 in interest – repaying a total of £532.51.
You can apply to refinance your loan up to 4 times a year between 1st October and 30st September. The minimum refinance is £150.
From a sneaky bill to the fun stuff, the Saver Loan is there to help with your expenses.