Payroll Deduction loan
Qualifying employees can apply
New joiners and existing members can apply, but you must work for a qualifying employer
Repay over up to 36 months (under £3,000) and 60 months (5 years) for over £3,000
Borrow from £250 at 26.8% APR to £7,500 at 6.2% APR
£250 to £2,999 at 26.8% APR
£3,000 to £4,999 at 12.7% APR
£5,000 to £7,500 at 6.2% APR
Must work for a qualifying employer
You cannot be going through a bankruptcy, Trust Deed, a Debt Arrangement Scheme, an Individual Voluntary Arrangement (IVA) or a Debt Relief Order (DRO) or Debt Management Plan (DMP)