Welcome Loan
For your small loans
Small loans up to £700 at 42.6% APR
- Fair interest rates
- Affordable, flexible repayments
- No hidden charges or fees
- Quick loan decision. Easy application
Bills, holiday, home improvements, whatever you need
Small loans to help you spread the cost on terms that suit you
How to apply
There are two ways to apply
Online form
New members can use our simple & quick loan application form online to apply for their first loan
All we ask for is some basic information, and we’ll be in touch within one working hour to fill in the rest – it’s that easy
Mobile messaging app
All members can use our secure mobile messaging app to complete a loan application
You can complete the full form and all our ID checks all in one place. Don’t worry, all messaging on our app is encrypted, so your personal documents and data are all safe and sound
Want to borrow more than £700?
From small loans to something bigger, check out our Loans Hub for more information on which of our loans best suits your needs 👇
Local Money for Local Homes – Kia’s Story
Reading Time: 4 minutesThe challenges that come with adulthood can be tough – exciting, yet still difficult to take on. Financial wellbeing is important when it comes to our big milestones, like moving out and having kids, can also
Why choose our small loans?
We are able to offer competitive interest rates. You’ll never be charged more than 3% monthly interest
99% of our 745+ Google reviews are 5 stars, something we are incredibly proud of. Our members show us lots of support and appreciation for the service we provide
Repay with flexible repayments on terms that suit you. We know everyone’s finances are different and there’s no one-size-fits-all approach, so we work with members to find the best possible way forward for your finances
Get a quick loan decision on your Welcome Loan with a response on the same day. Speed matters and, with our experience, we are able to work quickly to get back to you with a decision and next steps
Keep your mind at ease with no fees, charges, or penalties. If you have any questions about your loan, repayments, or anything to do with your account, just send us a quick message on our secure messaging app
Save whilst you repay and enjoy your savings once your loan is repaid. Everyone who borrows from us saves too, so you don’t have to stress once your loan is repaid. Leave your savings here to access our lower interest loans and continue to save, or enjoy your nest egg and treat yourself
Be rewarded for your loyalty
Access lower interest rates once you have got your savings habit going
Our Saver Loan rewards your membership with a lower interest rate at 26.8% APR and a bespoke credit level
T&C's apply
We are responsible lenders and want you to stay informed. Make sure to read our loan T&C’s.
What to expect
You can apply for a loan right away! Simply fill in our quick loan application form online and we’ll be back in touch within 1 working hour. We’ll then finish signing you up and guide you through the application process.
Our members most often find repaying through a standing order to be easiest option. If you are employed by one of our payroll partners, your loan repayments can be taken directly from your wages through payroll deduction, so you’ll never have to see the money leave your account. If you’d prefer to call into the office, feel free to pay by cash.
Interest on all of our loans is calculated daily on the reducing balance of your loan. With every repayment you make, you clear the interest accrued since your previous repayment and your interest is then calculated for your next repayment on the reduced balance – the lower your balance, the less interest you pay.
For our small loans, you can set your repayment period at as short as 3 months and as long as 12 months. The maximum allowed repayment period increases for some of our other loans.
As a responsible lender, we will run a credit check on your first loan application. Our policy is that we may run a credit check on any loan application. Your application will be assessed based on your credit file, affordability, and your personal circumstances, not just your credit file alone.
