Coventry Building Society markets its lending product as an affordable debt consolidation option. If you have multiple unsecured debts elsewhere and are looking at rolling these into one affordable monthly repayment, the personal Coventry Building Society loan allows you to borrow between £500 and £15,000.
The loans are fixed rate, allowing your repayments to remain fixed at an amount to suit you and your budget for the life of the loan. Repayments are able to be spread over 1 to 5 years, and there are no set up fees or early repayment charges if you find yourself able to repay the Coventry Building Society loan faster than originally intended, making this a flexible borrowing option.
Coventry Building Society loan product offers a typical APR of 12.00%. However, your credit rating will be closely assessed by Coventry Building Society before an interest rate is offered, and generally, the better your credit history , the more favourable rates you will be eligible for.
If you are not sure what kind of loan you should be looking for, it is important to assess your requirements before beginning to apply to different lenders. Compare the best deals available by completing the form on this page for a fast obligation-free quote on the cheapest deals available for your budget.