Borrow money at a rate you can afford to pay back
Affordable loans
Get access to short term loans without resorting to loan sharks or weekly payment schemes. Our Newham Money is run by the Newham Council and built to help residents secure their financial wellbeing. We understand how important it is that you get access to financial advice to navigate through the cost of living crisis. Our annual percentage rates (APR) compare favourably against high street banks.
Our newham money Standard
Get up to £1,500 with low interest rates (APR 19.60% to 26.80%).
- Repayable over 2 years
- Weekly or monthly repayments
Our newham money Home
Get up to £1,500 to help buy household appliances with low interest rates (APR 19.60% to 26.80%)
- Appliances/White Goods
- Furniture
- Technology
Our Newham Money Hardship Support scheme
- A safety net for residents during the cost of living crisis
- Support to help vulnerable people move into or stay in the community
- Support to relieve exceptional pressure on families.
Subject to eligibility criteria.
How we use your personal information?
Information which you provide or which we obtain through your dealings with us will be held securely with Our Newham Money. We will use your information as applicable and this may include:
- Keep in contact with you and provide you with the best service you deserve
- Our Newham Money may pass your personal data to London Community Credit Union when you have applied for a loan through Our Newham Money
- Inform you of suitable information or support which may be available
- Our Newham Money may refer you to other organisations where we feel you may benefit from their services and we may pass your details to them
- Debt counselling or other specialist service providers if needed
- The Department for Work and Pensions or HM Revenue and Customs
- Data Processors who act on our behalf
- Produce reports and statistics relating to Our Newham Money activities
- We retain personal information for as long as is necessary
- Tell us immediately if there is a change in your circumstances
- To find out more about how we process personal information, please read our Privacy & Data Processing Notice
By submitting a loan application, you are giving your consent/agreeing to your personal information being used in this way.
We work in partnership with London Community Credit Union (LCCU) to offer residents better deals on financial products as well as help with debts and money management.
We work in partnership with London Community Credit Union (LCCU) to offer residents better deals on financial products as well as help with debts and money management.