Provident Financial have terminated their doorstep lending scheme after 141 years, leaving its 300,000 customers vulnerable to loan sharks and payday loan companies. The doorstep lending business often lent to people with poor credit, which banks may not lend to. We’d like to offer a safe and affordable alternative.

At Wave Community Bank, we support the Stop Loan Sharks movement and are here to provide affordable and ethical lending to those who may struggle to borrow from other lenders. The closure of Provident’s doorstep lending may leave people worried about their finances, and we’re here to offer the support you need. Our ethos is based upon helping people get out of debt, and encouraging them to save for the future.

We also provide money management advice, and ensure that all of our loans have a savings element, to help our borrowers improve their financial position. While paying back your loan, you create a pool of savings, which helps reduce your need to borrow in the future.

Our affordable loan rates are available to those whose circumstances may prevent high street banks from lending to them. At Wave Community Bank, we are here to help anyone living, working or studying within East Sussex or Brighton & Hove, our common bond.

Wave Community Bank are authorised by the Financial Conduct Authority, and are regulated by the Prudential Regulation Authority and the Financial Conduct Authority. This means you can rest assured that your money is safe, your loans are offered at affordable rates and we treat our customers fairly.

If you would like to find out more about our loans then read about our types of loans here or apply for a loan here.

"I would just like to say thank you for the service given to me. At the time no other bank would help me. I am now debt free and able to continue to save the money I was paying to my loan"

-Member