Unsecured Personal Loans

8.9& APR Typical A Cheshire Building Society personal loan provided by
The Co-operative Bank offers a low rate of 8.9% APR typical.

You could use your loan to spend on whatever you want, a new car, home improvements or it could help pay off your outstanding credit card balances or other personal loans and leave you with one manageable monthly payment.

Why choose the Cheshire?

It's easy to apply online, by phone or at your local branch
A great rate of 8.9% APR typical for loans between £7,500 - £14,950.
Fixed monthly repayments from 1 - 7 years (available in 6 month intervals).
We don't charge a fee for setting up your loan.

Summary Box Key Information for our personal loans from £7,500 to £14,950
APR	Typical 8.9% APR If successful, the interest rate you will pay is based on your personal circumstances, the time period over which the loan is repaid and the amount you choose to borrow.
Interest rate ranges	Loan Size Range		From %		To %	Representative APR
Interest rate ranges	£7,500 - £14,950		8.9%		15.3%	8.9%
Interest charging information	Once agreed the APR is fixed and guaranteed for the life of the loan. Interest at the rate shown on the Loan Agreement will accrue on the daily outstanding balance of the Loan and be debited to the Loan Account half yearly and immediately before repayment.
Repayment information	Payments are made by standing order. First monthly payment is due one month after the date the funds are released.
Repayment period	Loans are available over 12 to 84 months
Amount of loan available	Loans are available from £7,500 - £14,950 at £50 increments.
Application arrangement fee	No arrangement fees
Other fees	£50 fee for Courier service (includes CHAPS service) £25 fee for CHAPS service (for faster receipt of funds) Both are optional and will be deducted from the loan amount
Default fees	For late payment of the whole or part of an instalment, interest will be owed on the instalment from when it is due, whether before or after any judgment, at the annual percentage rate shown in the Loan Agreement until its actual payment.
Early settlement	An early settlement fee equal to one additional month’s interest calculated on the balance outstanding will be payable
Illustrative example	Loan Amount	Representative APR		Term months	Monthly Payment		Total Payable
Illustrative example	£7,500 £10,000 £14,500	8.9% 8.9% 8.9%		36 60 60	£238.18 £206.55 £300.01		£8,574.46 £12,392.66 £18,000.24

Use our table of repayment illustrations to see how much it could cost you.

Don't just take our word for it.

Take a look at the table below which compares our rates against some other providers.

Market comparison as at 19/05/09
Provider	APR	Monthly Payment	Total Amount Payable	Cost of Credit	Saving
Cheshire Building Society	8.9%	£154.91	£9,294.50	£1,794.50	-
Marks and Spencer Money	9.9%	£157.42	£9,445.20	£1,945.20	£150.70
Lloyds TSB	9.9%	£157.59	£9,455.40	£1,955.40	£160.90
Yorkshire Bank	10.9%	£161.03	£9,661.80	£2,161.80	£367.30
First Direct	11.9%	£164.32	£9,859.20	£2,359.20	£564.70

Source: Moneyfactsonline.co.uk for loans of £7,500 repayable over 60 months.

Here's the criteria:

All applicants must be UK residents
Aged between 23 and 69
Have a minimum annual income of £10,000
Be a homeowner or hold a cheque guarantee, store or credit card.

View our personal loan frequently asked questions for more information.

Payment Protection Insurance

We currently do not have a Payment Protection Insurance product to offer alongside your loan.

When entering into a new credit commitment, we would like to draw your attention to the importance of assessing your insurance protection requirements.

You can get advice on Payment Protection Insurance and other insurance products by:

Visiting the FSA’s consumer website
Reading the guide from the Association of British Insurers (opens in a new window)

Existing Holders

If you are an existing Loan Payment Protection policy holder, your cover is un-affected. For reference, your policy documentation is available from the Co-operative Bank's Website (opens in a new window).

What are you waiting for?

Apply online in just a few minutes.
Call The Co-operative Bank free on 0800 591 682 ^ quoting reference 804/007
Or call into your local branch

You will receive a quick decision and the funds can be transferred into your account within days.

Loan repayments must be made by Standing Order from a Bank account. A Cheshire Building Society Account can not be used to make repayments by Standing Order.

^The Co-operative Bank's opening hours are Monday to Friday 8am - 9pm, Saturday 9am - 6pm and Sunday 9am - 6pm. For security and training purposes calls may be monitored or recorded. Calls are free from a standard BT landline. Calls from other operators may vary and calls from mobiles will result in a considerable charge. Please check with your network operator or service provider before continuing.

Loans

Loan Tools