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Loan Rates

Rainbow Saver loan interest rate is now 2% per month on the declining balance (26.8% APR)

Other rates may be available from time to time to members.

Loan Example: Borrow £500

Repay £47.28 per month for 1 year and the interest will be £67.28

Other repayment periods are available – ask for information

You can compare our loan rates with other lenders. Look at these websites to see the rates on offer for different sized loans.

Doorstep lenders and home credit providers: www.lenderscompared.org.uk/

High Street banks, building societies and other lenders: www.moneysupermarket.com/loans/