Need to cover a big cost?
Whether you’re looking to make home improvements, consolidate existing debts†
or buy a new car, our simple personal loans application process means we review each individual application to understand your personal circumstances.
Our expertise and experience is gained from working closely with the teaching profession. Therefore you'll find the lending criteria we use to make a lending decision is different to others, as it takes into consideration your professional teaching status.
Wesleyan has "NASUWT Approved" status.
You’ll get a fixed rate for the duration of the loan - it won't go up. You decide how much you want to borrow and how many years you’ll take to pay it back. We also won’t charge you anything if you want to pay the loan back early. What’s more, unlike other lenders, we’ll take your professional status into account when considering your application, as we understand that the demands of your career may make your credit history look a little different from the norm.
And, unlike some other lenders, as long as you’re borrowing £7,500 or more from us, we won’t charge you a higher interest rate than advertised. The rate you see is the rate you get.
With all these great reasons, there’s no better time to choose a personal loan from us.
How much will it cost?
The benefit of a Wesleyan Bank loan is that you’ll know straightaway how much it’s going to cost. We give you a fixed rate of 5.9% APR
on loans between £7,500 and £25,000. For smaller loans of between £1,000 and £7,499, the fixed rate will be 13.9% APR.
Here’s an example:
Representative Example: 5.9% APR
Representative (fixed). Based on assumed loan amount of £15,000
over 5 years
with an interest rate of 5.9% p.a
. (fixed). Monthly repayment £288.23
. Total amount payable £17,293.80.
You can get an illustrative figure by using our handy loan calculator.
* For loans £7,500 or over
** Loans up to £7,499 can be repaid over 1 to 5 years. Loans from £7,500 to £25,000 can be repaid over 1 to 7 years.
† Please be aware that this could mean that you may pay back more over the period of the loan.
Interested in borrowing from us?
Apply online now, or call us free on 0808 163 6191
to find out more. Alternatively, fill in our contact form
and we’ll call you back.