Personal Loans for Trainees

Before applying online it is important that you read the Loans Terms and Conditions, Wesleyan Bank General Terms and Conditions and the Key Product Information at the foot of this page. 

If you are a teacher and wish to apply for a loan please follow this link for information specific to your profession.

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.

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

For a loan of £15,000 without payment protection insurance, repayable over 5 years, your monthly repayments would be 60 of £304.81, the total amount payable would be £18,288.86, 8.4% APR Representative (fixed).

Loans from £7,500 to £25,000, 8.4% APR; £1,000 to £7,499, 13.9% APR.

Calculate online

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 Limited subscribes to the Lending Code which is monitored and enforced by the Lending Standards Board.

Missed or underpayments

We need to make you aware of some of the consequences of not making your agreed payments. If you underpay or miss any payment due under the credit agreement you will be in default on the agreement and:

• You may pay more overall



• We may register your details with credit reference agencies



• You may find it more difficult to obtain credit in the future



• Legal proceedings could be taken against you which could result in any outstanding debt being secured against any property you own

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)