Do you have difficulty getting a loan?
If you have found it difficult to get credit and you desperately need a loan you may be forced to pay high interest rates from some lenders.
Some companies make huge profits from lending money at higher interest rates with little consideration for you and your needs. They are focused on making the most amount of money that they can from you.
How Portsmouth Savers is different
All our members are eligible to apply for a loan regardless of status. We specialise in loans to people on a low income, state benefits or pension. Our maximum interest rate is just 26.8% APR.
We offer peace of mind
Your interest rate is fixed - so if the bank interest rates change your repayment stays exactly the same. The total repayment is kept low as interest is only paid on the reducing loan balance and not the full loan amount.
Not-for-profit
We are a not-for-profit organisation - any surplus made after running costs are met, is returned to our members. This means we can provide loans at a much lower rate than other organisations.
Why choosing us is better for you:
- Small loans available (£100 for example)
- Larger loans (£4500 for example)
- Loans available over a wide range of periods to suit your needs (from 1 month to 3 years)
- Each loan considered on an individual basis
- Loan rate is fixed (so if bank interest rates change - your repayments stay the same)
- Interest charged only on the remaining balance - not on the whole amount
- No arrangement, set-up or hidden fees
- No penalty if you pay the loan off early
- Free loan protection included (in the event of death the loan will be paid off in full)
