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Service charge loan
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About our loans
If you cannot pay your bill for major repairs you can apply for a service charge loan.
Ask about our interest free repayment plan before applying for a service charge loan which is not interest free.
This service charge loan is a mortgage on your property. You'll:
- repay it over a pre-arranged period up to 25 years
- be charged interest (the rate depends on the type of loan)
- pay an application fee
- pay a redemption fee once you've paid off your loan
You cannot take this loan to pay for day-to-day (minor) repairs and maintenance service charges.