How much you may be able to borrow
Borrowing £1,500.00 over 20 months will cost £100.84/month. Total amount repayable is £2,016.80 which includes interest at 42.6% APR.
The figures given above are for illustrative purposes only. The actual interest rates and repayment amounts may vary subject to loan amount and status.
In order to apply for a Bike Loan you must:
- Live or work within our Common Bond area
- Be at least 18 years old
You must not:
- Be bankrupt, in a DRO or IVA
- Have had any outstanding CCJs within the last 24 months
- Have missed any repayments on credit within the last 6 months
- Have had any defaults within the last 12 months
- Have arrears on a credit union loan
Are you considering purchasing a new bike? Maybe your existing one is old and beyond repair, or perhaps you don't currently have one at all. Our bike loans are designed to help you purchase the right bike for you, without having to take out expensive finance via the store.
Social distancing measures have put many people off using public transport for the foreseeable future. However you still may need to travel locally for work, exercise or to complete normal daily activities and want to use an alternative method of transport. For this reason, many people are considering purchasing a bike, as a reliable form of transport to get from A to B with the added benefit of improving your fitness at the same time.
With every bike loan from CLEVR Money we make sure you understand exactly how much you’ll be paying back every week or month and what the total interest charge will be.
We charge fair interest rates on a bike loan to everyone who takes one out with us and we work with you to set up a payment plan which we know you can afford. In addition to this, we work in a completely transparent manner, meaning you can be certain that there are no hidden fees, no set-up charges and no penalties if you’re able to pay the bike loan back ahead of schedule.
Once you’ve provided all the information we’ve asked for, we’ll process your application as quickly as we can. If we approve a loan, the funds will be transferred to your account, putting you in the extremely enjoyable position of having genuine choice, of being able to go out and buy the items you need, safe in the knowledge that you can easily afford them.