Savings & Loans
We can help you save for school uniform, holidays or Christmas. We offer a savings and loan facility for people living in the Borough of Wellingborough.
By making regular saving you can build up a fund to pay for essential items.
You can save as little as £1 per week or £5 a month. After saving regularly for 13 weeks a member is eligible for a loan at 1% per month (12.7APR) on the reducing balance. This means a loan of £100 over 52 weeks will only cost £6.21 in interest. The beauty of it is that your savings keep on growing. The more you save, the greater your borrowing potential. There are no age or income limits for joining, and joining makes you a shareholder.
We don’t use credit scoring or do credit checks. As well as this you receive insurance on your savings and loans at no direct cost
Collection Points
Wellingborough Homes
Office, Thompson Court
10.00am to 11.30am - Every Monday
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The Well Café, Hemmingwell
9.00am to 10.15am - Every Tuesday
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Glamis Hall, Goldsmith Road
11.00am to 12 noon - Every Tuesday
