Please note Applications received by the 7th December 2018 will be guaranteed a loan decision by Christmas providing all the necessary documentation has been provided.
We will still accept Applications after this date however cannot guarantee a loan decision before Christmas.
CWRT is aware of the difficulties in obtaining small personal loans and offers a service to provide those who are finding it difficult to access money through main stream high street lenders, such as the Bank.
We can help individuals with all types of finance, including purchasing furniture, school uniforms, holidays, placing a deposit on a rental home etc.
Our aim is to assist people with a line of credit at an affordable rate to avoid people reverting to Pay Day Lenders and other High Interest Lenders where you will be repaying payments at very high Interest rates.
CWRT Personal Loans range from £300 to £500 over a maximum repayment period of 12 months to new borrowers, and between £300 to £1,000 over a maximum repayment period of 12 months to existing borrowers.
PLEASE NOTE: APPLICATIONS ARE ONLY ELIGIBLE IF YOU LIVE IN COVENTRY & WARWICKSHIRE.
Example of £650 borrowed over 52 weeks:
|CWRT Personal Loan||Typical Doorstep Lender|
|Monthly Interest Rate||3.33% (equivalent 40% PA) fixed||9.33% (equivalent 112% PA) fixed|
|Total Charge for Credit||£198.12 (includes £48.75 fee)||£566.80|
|Loan Duration||52 weeks||52 weeks|
|Payments||52 payments of £16.31||52 payments of £23.40|
PLEASE NOTE: AS PART OF THE APPLICATION ASSESSMENT YOU WILL NEED TO PROVIDE A CREDIT REPORT, 3 MONTHS BANK STATEMENTS/PAYSLIPS, ID AND PROOF OF ADDRESS.