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Personal Loans

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Key benefits:

  1. Competitive fixed rate from 8.6% APR Typical
  2. Loans from £1,000 to £25,000
  3. Choose your loan term from 1 to 7 years
  4. Select your monthly repayment date
  5. Optional Teachers Loan Cover tailored to the specific needs of teachers*
  6. No arrangement or early repayment fees

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Before you complete the application form it is important that you read the Terms and Conditions

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Whatever you want to finance, we'll help you find the best way to do it.

Whether you wish to consolidate existing borrowing or finance a major purchase, a Personal Loan from Wesleyan Bank is the quick, simple solution.

Personal Loans provided by Wesleyan Bank are approved by the NASUWT, as the loans have been designed with your specific professional needs in mind.

 

*Optional Teachers Loan Cover tailored to the specific needs of teachers

How much will it cost? Here's an example.

For a loan of £10,000 without Payment Protection Insurance, repayable over 5 years, your monthly repayments would be 60 of £204.09, the total amount payable would be £12,245.40, 8.6% APR.

Loans from £5,000 to £25,000, 8.6% APR; £1,000 to £4,999, 13.9% APR

 

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Loan product legal information

Once you've applied, you'll be sent an agreement to read, sign and return. When your signed loan agreement has been received we can transfer funds into your current account using a three day standard BACS transfer. For an additional £15 fee, funds can be deposited in your current account within 24 hours using a CHAPS payment.

If you have any problems applying online, please contact our helpdesk by telephone and we'll help you fill out the form.

We will make credit reference, identity and other enquiries following our normal practice when we consider your application.

The details you provide, the information we already have and information from credit reference agencies are used to assess risk using credit scoring.

We may use credit reference and fraud prevention agencies to help us make decisions. What we do and how both we, credit reference and fraud prevention agencies will use your information is detailed in the leaflet called: Guide to the use of your personal information by Wesleyan Bank and Credit Reference and Fraud Prevention Agencies (pdf).

Wesleyan Bank General Terms and Conditions (pdf)

Full description of the Wesleyan Bank legal information

Key product information summary box for Wesleyan Bank Personal Loan(s) (pdf)

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