Charity Bank Offering Preferential Loan Rates

Charity Bank is offering charities and community groups a preferential rate for new loans drawn before the 31st December 2010.

 

Charity Bank is a not-for profit bank that offers affordable finance to third sector organisations, including those that might not be able to borrow from commercial lenders.

 

The preferential rate being offered is a reduction of 0.5%p.a. on its standard interest rate. Interest rates depend on size, type and length of loan but typically vary between 5.5% and 7.5%.

 

Since 1995 Charity Bank has made loans of £120 million to over 830 charities, social enterprises and community groups that reach 3,500,000 people through their work.

 

For more details, or to see if loan finance is right for your organisation please contact Charity Bank’s loan team on 01732 774050 or visit www.charitybank.org/loans. For details of Charity Bank’s savings accounts visit www.charitybank.org/savings.