What is My Community Finance?
Authorised and regulated by the Financial Conduct Authority, My Community Finance (part of Amplifi Capital UK Ltd) is a network of “ethical lenders”, including credit unions. It aims to give everyone, including those with less-than-perfect credit histories, access to fairly priced and ethical personal loans. It offers personal loans of £1,000 to £25,000 payable over 12 to 60 months and uses a “soft” search of your credit history, which will not affect your credit score.
Personal loans from My Community Finance can be suitable for a huge range of purposes from medical or vet fees to home improvements, a new car or furniture. If finding a large amount upfront is difficult, a competitively priced and ethical personal loan from My Community Finance could help. You can check your eligibility using the form below.
My Community Finance personal loans at a glance
While interest rates are fixed for the duration of your repayment period, the rate you’re offered may differ from the advertised “representative APR” which any lender is only obliged to award to 51% of its customers. Your personalised rate will depend on factors like your credit rating and your income, as well as the size and duration of the loan that you apply for.
Am I eligible for a My Community Finance personal loan?
You can check your eligibility using the form above. You should only apply for a My Community Finance personal loan if you’re certain you can meet the repayment terms. You must also:
- Be aged 21 or over
- Live in the UK (excluding Northern Ireland, Channel Islands and Isle of Man)
- Earn at least £18,000 (it doesn’t matter if you’re paid monthly, weekly or are self-employed)
What’s the process?
Once you’ve checked your eligibility for a My Community Finance loan, simply:
- Choose “Apply”.
- Sign the loan agreement.
- You should then receive your money within four working days. If My Community Finance needs further information from you, it will get in touch before this point.
Frequently asked questions
Finder.com has selected Accepty Technology Ltd to provide details of credit products and whether you may be eligible to get them. Accepty Technology Ltd is authorised and regulated by the Financial Conduct Authority (FRN: 839295). Accepty is acting as a credit broker, not a lender, and may receive a payment from a credit provider if you take out a credit product.
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