Simply Spend and Save Loans 

What are they?

Our Simply Spend and Save Loans are designed to support local people* who want help with the cost of household goods.

We often agree these loans for things like:

  • Carpets 
  • Beds
  • Furniture
  • Washing Machines 
  • Fridge Freezers 

Interest on these loans is 3% per month (42.6% APR) and there is an additional administration fee of £20 as we order the goods directly on your behalf and have them delivered straight to your home. 

A £200 washing machine bought with a loan from us would cost you only £4.60 per week. (Over 52 weeks)

Did you know Bright House charge 69.9% APR for loans for the similar range of products, plus a product insurance premium. So you could save money if you borrow from us.

*These loans are available to people who live or work in the Stockton Borough area

How do I apply?

Its easy to apply for a loan with Your Community Bank, Tees Credit Union just click here and complete our online application formOther ways you can apply are by calling us on 01642 941911 or by dropping in to our new office, 111 High Street, Stockton-on-Tees, TS18 1BB. We are open 10am till 3pm Monday to Friday.

All loans are made subject to status and we will apply credit scoring as part of your application. Please note you must become a member of the credit union as part of the loan application process, just click here.

Please note you will be required to sign a loan agreement once the loan is agreed.  This is a legally binding document and a promise to repay the loan on time and in full. There are no penalties for early repayment, so paying your loan back earlier means you save money!

We are a responsible lender and need to make sure you can afford to repay any loan taken out with Your Community Bank, Tees Credit Union. If you experience any problems repaying the loan don't hesitate to contact us, as it’s always best to deal with any money issues as soon as you can.