A convenient way to save and borrow – Make life easier by joining the Payroll Deduction Scheme offered through Northumberland Community Bank - it couldn’t be simpler. Currently schemes are available for the companies listed below. If you would like your company to join our scheme call us on 01670 522 779 or email firstname.lastname@example.org:
An easy way to save - You decide the amount you want to save each month (min. £1) and your payroll department deducts the amount from your salary and sends it direct to us.
Join your Community Bank and you are entitled to apply for a loan with preferential terms. Amounts between £300 and £15,000 are available, repayable between 6 and 60 months.
Interested in a loan? Contact us to discuss your options – we would love to help.
Northumberland Community Bank (NCB) are offering all staff of companies on our payroll scheme with a permanent contract the opportunity to apply for a £500 loan ahead of Christmas 2018.
To take up this special offer, you need to join NCB as a member and agree to make repayment through the payroll scheme which will also include a small amount of savings e.g. The repayment will be a minimum of £50 per month which will be made up of £44.43 for your loan and £5.57 for your savings.
If you would like to take advantage of the Instant£500 Loan, please send an email confirming you would like to do so, together with the amount you wish to save into your share account and a copy of your latest payslip to email@example.com.
£50 per month for 12 m = £44.43 towards your loan and £5.57 for savings
Funds will be sent to your nominated bank account after receipt of your completed agreement form.
Typical APR 12.7%
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