Our Family Loan 2022 Could Help to Make Easter Special
Here at CLEVR Money we never stop working to come up with new and exciting products for our members, and the family loan is the latest fantastic example. With the Easter holidays coming up we understand how much difference just a small amount of extra money could make, and that’s why we’ve created the new family loan. Whether you’re planning a trip, getting the family together for an Easter celebration or redecorating for spring, a family loan could make all the difference.
Our family loan is called the Family Loan Plus. It takes the form of a £600 loan which is repayable over 12 months. As with everything we do for our members, the Family Loan Plus is offered in a completely ethical manner. This enables us to keep the interest rates we charge as fair as possible, and when one of our members takes out a Family Loan Plus we’ll explain exactly how much they’ll be paying back in total, what each monthly repayment will be and how much of the total is made up of the interest charged.
The fact that we work in this completely transparent manner means that our members can take out a family loan, in the form of a Family Loan Plus loan, safe in the knowledge that there are no early repayment fees, and we’ll only offer the loan if we genuinely believe you’re able to pay it back comfortably. We treat each of our members as individuals rather than numbers on a computer screen and, like the rest of the services we provide, the family loan is designed to improve their lives and benefit the wider community.
As well as working in an ethical and transparent manner, we’ve made the process of applying for a family loan as simple as possible. Once you’ve provided us with the information we ask for, we’ll process your application as quickly as we can and, if it is successful, we’ll transfer the money to your bank account.
A family loan could be used to negotiate a better deal on the cost of things like short trips away rather than having to utilise finance deals. Alternatively, you might opt to use the family loan to pay toward the financing of a single larger purchase, such as a new family car or an item of furniture. The Family Loan Plus offers an alternative to other forms of credit you may have considered, such as using a credit card or store card, applying for an overdraft, using Buy Now Pay Later, or borrowing from a high street or payday lender. We’ve designed our family loan to be affordable, ethical and transparent, all of which we pride ourselves on delivering for our members.
Representative example: Borrowing £500 over 12 months will cost £50.23. Total amount repayable is £602.76 which includes interest at 42.6% APR. The figures given above are for illustrative purposes only. The actual interest rates and repayment amounts may vary subject to loan amount and status.