Compare our Loans
At Wave Community Bank, we serve our members by providing an ethical way to borrow. If you have credit cards or are paying interest on your bank overdraft then you could save money by consolidating that debt into loan with us. You can compare our rates here.
Compare the Cost of Borrowing and Save Money with us today!
Wave Community Bank can save you money on the cost of a loan when you switch to ethical lending with us.
In addition to loan repayments, we have a minimum compulsory savings ‘element’ of £25 per month – you cannot withdraw this money during the loan period, but it will be available at the end of the loan for you to either continue saving with us and add to, draw upon or use as security against future loans. In this way you build up a savings ‘pot’ for future use.
Our interest is calculated on a daily basis – there are no hidden charges or ‘catches’.
Compare the cost of your loan
This is based on the potential borrowing on a £800 loan over a 12 month period.
Applying for a Loan is easy
You can apply for a loan online via our Website or Mobile App and you don’t need to be a member.
Apply online via our website.
Download the Mobile App on either Google Play or the App store
Turning Borrowers into Savers
Borrowing from your Community Bank is also a great way to save!
You can apply for a loan with us online today here. Visit our loans calculator to find out what your repayments would be.
Over 70?
You can read our loans policy for over 70 year olds here.
Compare the Cost of Borrowing and Save Money with us today!
Wave Community Bank can save you money on the cost of a loan when you switch to ethical lending with us.
In addition to loan repayments, we have a minimum compulsory savings ‘element’ of £25 per month – you cannot withdraw this money during the loan period, but it will be available at the end of the loan for you to either continue saving with us and add to, draw upon or use as security against future loans. In this way you build up a savings ‘pot’ for future use.
Our interest is calculated on a daily basis – there are no hidden charges or ‘catches’.
Terms & Conditions
Maximum Loan Term: 84 months
We will need proof of your income including any wages, self-employment income and benefits. Each loan application is assessed on an individual basis and takes into consideration a variety of factors including the affordability of the loan, previous savings and borrowing patterns with Wave Community Bank, credit history and so on.
PLEASE NOTE: Your credit score will be adversely affected if you are late or fail to keep up with payments on a loan.
Loan Repayments
You will be asked to make repayments by direct debit or through a payroll scheme. Repayments can be made in line with how you receive your income – weekly or monthly.
If you miss a repayment Wave Community Bank reserves the right to deduct the repayment from your savings.
If your circumstances change and you have problems meeting your repayments, please contact our Loan Support Team. Failure to meet repayments could have a serious effect on your credit report.
All loans provided by Wave Community Bank are subject to status and our lending policy. Applicants must be aged over 18.
Wave Community Bank reserves the right to decline any application or offer a loan that differs from those advertised.
PLEASE NOTE: Your credit score will be adversely affected if you are late or fail to keep up with payments on a loan.
Opening Hours
Our phones are open Monday to Friday between 9.30am-1.00pm and we continue to monitor our emails between 9.30am to 4.00pm.
Contact Us
Phone: 0300 303 3188
Email: info@wavecb.org.uk
Face-to-face appointments at Hove Town Hall by arrangement only.
Addresses:
East Sussex, Brighton & Hove:
Tisbury Road Offices, Hove Town Hall, Tisbury Road, Hove, BN3 3BQ
Kent, Medway and Bexley:
39-48 Marsham Street, Maidstone, Kent, ME14 1HH
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Wave Community Bank serves members in East Sussex, Brighton & Hove, Kent, Medway and the London Borough of Bexley, plus members of Unite in the South East Region. Withdrawals over £5000 will take 5 working days to process
Wave Community Bank is a trading name of East Sussex Credit Union Ltd.Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. FCA Firm no 213910
