Personal loans
Do you want to wrap up your other borrowings into a single, simpler loan? Do you want to pay for a holiday, a new car or home improvements?
A personal loan through Wesleyan for Teachers is the quick and easy way to do it. You’ll get the money fast and you can choose the monthly repayment date that suits you best. There is no arrangement fee and no penalties for early repayment or lump sum reductions.
Personal loans provided by Wesleyan Bank are approved by the NASUWT, as they have been designed with your specific professional needs in mind.
- Competitive, fixed rate from 7.2% APR typical
- No arrangement or early repayment fees
- Loans from £1,000 - £25,000
- Choose your loan term, from one to seven years
- Select your own monthly repayment date
- Get your money within 24 hours*
- Provided by Wesleyan Bank
- Optional Teachers Loan Cover tailored to the specific needs of teachers
Apply online or alternatively you can call us on 0800 072 3749 quoting ref: 60270 (lines open 8am – 6pm Monday to Friday).
*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. Alternatively, funds can be deposited in your current account within 24 hours using a CHAPS payment for an additional fee of £15.
If you have any problems applying online please contact our helpdesk by telephone and we'll help you fill out the form.
Before you complete the application form it is important that you read the Terms and Conditions below.
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Loan Product Legal Information
TTypical example: For a loan of £10,000 without payment protection insurance, repayable over 5 years, your monthly repayments would be 60 of £197.88, the total amount payable would be £11,872.80 APR 7.2%.
Loans from £5,000 to £25,000 available at 7.2% APR and £1,000 to £4,999 at 10.4% APR.
Personal Loans are provided by Wesleyan Bank Ltd are are regulated by the Consumer Credit Act 1974. Credit facilities are subject to status and not available to anyone under 18 years of age. Wesleyan Bank reserves the right to decline any application.
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 credit 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.
To view this PDF Document please click on the link below.
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Wesleyan Assurance Society is authorised and regulated by the Financial Services Authority. Incorporated by Private Act of Parliament (No.ZC145). Advice is provided through Wesleyan Medical Sickness, Wesleyan for Teachers, Wesleyan for Lawyers and Wesleyan for Professionals which are divisions of Wesleyan Financial Services Ltd. ("WFS Ltd.") WFS Ltd. is a wholly owned subsidiary company of Wesleyan Assurance Society. Registered No. 1651212. WFS Ltd Head Office: Colmore Circus, Birmingham B4 6AR. Telephone: 0845 351 2352 Fax: 0121 200 2971. Telephone calls may be recorded for monitoring and training purposes.