FAIRshare Handi-Loan

Looking for a flexible loan to lend you a hand!
Live or work in Telford or Shropshire but you’re NOT YET a FAIRshare member?
Then look no further than our new FAIRshare Handi-Loan – the fair, manageable first loan for NON-MEMBERS with OpenCash, the easy way to top-up a loan.

With a FAIRshare Handi-Loan, you borrow £500 over a maximum of 55 weeks for £14 a week including savings, 42.6% APR.  If your loan application is approved, you’ll need to become a member of FAIRshare before the funds are released.

To apply for a FAIRshare Handi-Loan you must –

Quick & easy to apply

Apply online now for a quick decision.  Processing time will vary depending on demand, but we aim to have made a decision within 72 hours of receiving all supporting paperwork.


Saving as you borrow

Your weekly repayment includes a minimum saving of £3 a week – borrow £500 and after 55 weeks you will have repaid your loan AND saved £165.

The minimum saving amount is £3 a week or £12 a month.  We call this Save as you Borrow, and its one of the great benefits of borrowing from FAIRshare.

Fixed repayments

To help you budget, repayments are fixed at £14 a week or £56 for monthly or 4-weekly repayments.  This amount includes your loan repayment AND your minimum saving amount.


Need an extra helping hand?  FAIRshare’s Handi-Loan includes the added benefit of OpenCash, the easy way to top-up a loan.  OpenCash gives you the flexibility of a credit card and a helping hand when you need it, all at a competitive interest rate.

After 25 regular weekly payments your Handi-Loan will have reduced to below £300 and at this point OpenCash gives you the option to ‘top-up’ your loan again up to a £500 maximum value.  There is no extra cost & no need to complete an application form – just give us a call and funds could be in your account that day.  The minimum ‘top-up’ value is £50.  You can ‘top-up’ with Open Cash whenever regular payments reduce your Handi-Loan balance below £300.

Representative example

Borrowing £500 over 55 weeks costs £11 a week + £3 a week savings – £14 including savings.  Total amount repayable is £600.63 which includes interest at 42.6% APR (3% per month).  Rate of interest for comparison 19.1%   Total savings £165 after 55 weeks.

Terms & Conditions

Apply now online for a FAIRshare Handi-Loan.

*Usually refers to Income Support, Job Seekers Allowance (JSA), Employment Support Allowance (ESA) & Universal Credit (UC)