If you have a loan offer from another lender at a lower rate, but would rather borrow from us, we can do an interest rate match.

When comparing us to other lenders remember:

• We don’t charge arrangement fees for our loans
• We don’t charge early repayment fees
• We’re an ethical, not-for-profit lender supporting the local community

How does Rate Match work?

In order for us to match another lender’s rate, you will need to apply for a loan in the usual way and you must supply a screenshot or copy of your final loan approval agreement or document from The other lender. The image must legibly show:

• Your full name.
• A current loan offer issued to you within the last 15 days.
• Your approved term and interest rate.

There are some important restrictions that apply:

• The maximum term length we’re able to match is 7 years.
• The loan value needs to be from £500 to £35,000.
• We will only match rates on a ‘like for like’ loan. For instance if your loan offer from another lender requires a guarantor or security on the loan, we would require additional security.
• We’re unable to match rate estimate results or preliminary rate offers. We can only match a firm offer from another reputable lender.
• Your loan application will be subject to our usual affordability and credit checks.
• WCB reserve the right to decline the loan application or request additional security as appropriate .
• You will be required to save with us as you repay your loan.