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The Details
Available to new and existing members.
No pre-saving requirements prior to application.
Payments on this loan can made via standing order of child benefit.
Payments can be made, weekly/fortnightly/4 weekly/monthly.
Interest is 42.6% APR based on a reducing balance which means with each payment the interest you repay goes down!
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Example based on a loan of £800:
52 weekly payments of £18.50
Total repayable £953.50
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This loan must be repaid in full, there is NO top up function on this loan product.
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All applications will undergo and affordability check. This may involve a credit reference agency check.
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