Terms and Condition

Moneytillpayday.org.uk is a mutual not-for-private-profit social enterprise, was recognized with the commercial purpose of becoming a permanent organization supporting the growing social enterprise sector. In order to attain this we set our fees, interest rates and terms and conditions to cover our costs and protect our funds against losses.

The interest rate, agreement fee, terms and conditions are set individually for each loan. These notes are proposed only as a guide for enquirers and form no part of any contract, agreement or offer.

Loan Period

The term of the loan will depend upon the requirements of the business, but will not usually be less than six months or greater than ten years.

Interest Rates

Interest rates are depend on bank rates and market conditions, but also take into account the needs of the borrower and also on risk involved. Currently interest rates varies 6.5% to 12% - and norm is 10% per annum.