Save as you borrow with a FAIRshare Saver Loan. Our Saver Loan allows members to borrow between up to £7500 over a maximum of 60 months. With a Saver Loan, you build up savings whilst repaying your loan, and it can also help improve your credit rating. 42.6% APR
Your application is more likely to be approved if you –
*Usually refers to Income Support, Job Seekers Allowance (JSA), Employment Support Allowance (ESA) & Universal Credit (UC).
Apply online now for a quick decision or complete an application form & return to FAIRshare.
Processing time will vary depending on demand, but we aim to have made a decision within 72 hours of receiving all supporting paperwork.
Your repayment includes a saving amount, £3 a week or £13 a month is the recommended minimum, so when you’ve paid back your loan, you’ll have saved money too.
With a FAIRshare loan, we work with you to ensure your weekly or monthly repayments are affordable and suit your budget. The longer the repayment period, the smaller the repayments, but the more interest you will repay overall. Below are 2 examples, or visit the Loan Calculator for more options –
Borrow £1000 over 99 weeks
£13.93 a week loan repayment
+ £3 a week savings
Total £16.93 a week
Total cost of credit £379.03
Total savings after 99 weeks £297
Borrow £1500 over 42 months
£62.95 a month loan repayment
+ £13 a month savings
Total £75.95 a month
Total cost of credit £1143.91
Total savings after 42 months £546
Borrowing £1200 over 156 weeks will cost £12.52 a week + £3 a week savings – £15.52 including savings.
Total amount repayable is £1954.37 which includes interest at 42.6% APR (3% per month). Comparable Rate of Interest for the true cost of borrowing 21.1%.
Total savings £468 after 156 weeks.
You don’t have to have repaid your loan in full to qualify to Top Up your FAIRshare loan, but you must have made at least 3 months’ (or 12 weeks) regular repayments to your existing loan before applying. Any outstanding loan balance will be taken into consideration when assessing your application. Click here to apply to Top Up your Loan.
FAIRshare’s standard Terms & Conditions apply to this loan.
Apply online for a FAIRshare Saver Loan, or print the paper application form below.