TRUSTED LENDER
£3.9 MILLION In Loans Approved Last Year!
Our any-purpose loans have got you covered. Whether you're upgrading with a Car Loan, redecorating with a Home Improvement Loan, escaping with a Holiday Loan, planning your dream wedding with a Wedding Loan, or simplifying your finances with a Debt Consolidation Loan, we're here to back your ambitions.
Our lowest rate is available for people with an excellent credit history. Other amounts and terms are available at different rates.
Advantage Loan
Borrow £5,000 to £10,000.
Requires excellent credit history.
Representative 10.4% APR.
Choice Loan
Borrow £1,000 to £10,000.
Requires good credit history.
Representative 19.4% APR.
Family Loan
Borrow £300 to £3,000.
Repay directly from Child Benefit.
Representative 42.58% APR.
Access Loan
Borrow £300 to £10,000.
Low-income and low credit scores considered.
Representative 31.7% APR
About Borrowing
Good to know
Borrow £300 to £10,000 for any purpose.
Save on the cost of borrowing, with transparent pricing and lower rates.
Trusted by thousands of people currently borrowing.
Grow future savings as you repay your loan.
Explore our reviews and discover what our borrowers have to say.
Take part in an established and growing financial cooperative.
We're authorised and regulated by the Bank of England.
No arrangement fees or early repayment penalties.
Ethical Lending
Our commitment
We recognise that behind every loan application is an individual with a unique story. If your situation is complicated, that's okay; our members come from diverse financial backgrounds and face various circumstances.
People, not algorithms, make our lending decisions, and our commitment is to do what we believe is in the best interest of our members.
Find out more
Frequently asked questions
Yes, Boom Community Bank welcomes applications even if you have a low credit score. We assess your overall financial circumstances, prioritising affordability. If you live or work in West Sussex, Surrey, Kingston, north Hampshire, or Berkshire and meet our criteria, you could qualify for a loan. Ready to apply? Start your application online today.
We will run a credit check with TransUnion when you apply. This will be a hard search, which means it will leave a footprint on your credit report. If you’re concerned about how this may impact your credit, feel free to contact us for more information before applying.
In some cases, a guarantor may be required. This typically involves submitting a joint application, where both parties are jointly responsible for repaying the loan. We’ll let you know if this option applies to your circumstances during the assessment process.
Once we approve your loan, the funds will be transferred to your account within 24 hours. If we require additional information during the application process, you’ll hear from us within three working days. Rest assured, we’ll keep you updated every step of the way.
Many of our customers are key workers, and we strive to support as many as possible by offering competitive rates. Use our loan selector tool to explore your options and find the best loan for your needs. If we can approve your loan, it will always be our best offer based on your financial circumstances.
Boom Community Bank offers a range of loans tailored to your needs, including personal loans for unexpected expenses, home improvements, and more. Each loan is designed to support your financial wellbeing and is assessed based on affordability.
Applying for a loan is quick and simple. Visit our website to complete the online application form. Make sure you have your identification, proof of income, and address details ready. If you have any questions, our team is here to help.
Our interest rates are tailored to your individual financial circumstances. We aim to offer competitive rates that align with your affordability. Use our loan calculator on the website to get an estimate, or contact us for personalised assistance.
Yes, Boom Community Bank offers loans designed for debt consolidation. Combining your debts into a single manageable repayment can simplify your finances and may reduce your overall interest. Use our loan calculator to explore your options.
To apply for a loan with Boom Community Bank, you must live or work in West Sussex, Surrey, Kingston, north Hampshire, or Berkshire. Additionally, you need to be at least 18 years old and meet our affordability and financial assessment criteria.