Post Office Money

Post Office Money is a commercial business that is driven by social purpose and has formed part of a key role in UK life for centuries.

They have over 11,500 branches across the UK and some of these are run on an agency or franchise basis, which goes by their retail partners. They are the biggest retail network in the UK along with their large online business.

Purpose of the Post Office Money

At Post Office Money, they grow and adjust to meet the ever-changing demands of their customers. Over the past few years, they have created an exciting modernization and investment program which allowed over 200 communities to have a brand-new Post-Office branch.

Friendly customer services

At Post Office Money, you can get over 170 different products and services, including savings, loans, insurance, mortgages, and credit cards. It also includes foreign currency; travel insurance; Local Collect government services; broadband and home phone, Drop and Go mail services and so much more.

They also offer Everyday Banking services which mean customers can access their High St bank account at their local Post Office branch including withdrawals, deposits, change, cheques, and balance inquiries.

Providing essential needs

As much as the Post Office is part of a commercial business, they are also driven by their social purpose. For many people in the communities, a Post Office is an important source of their customers’ social interaction as well as providing important access to their essential needs.

Post Offices services are easily accessible.

Some of the Post office services are done online while certain services are provided in their offices. When you apply for their services online, you will also receive access to sign your documents online (e-signing).

Post Office personal loan

With the personal loan from the Post Office, you can borrow from £1,000 to £25,000 with a 3.1%  fixed APR Representative. You can choose a loan term for between 1 year to 7 years, which depends on the amount that you want to borrow.

Post Office Money will get back to you shortly after you have applied for your loan. Once you are approved, your funds will be transferred the following day.

Be in control of your loan

Monthly repayments are made by direct debit unless you decide otherwise. After you have made your first payment, Post Office Money will then give you a chance to change your repayment date to a date that will suit you best. However, date changes are limited to one per calendar year.

Repayments schedules

Your first repayment should be made during the next month, on the day whereby you received your loan. If the repayment date falls on a weekend or holiday, the repayment should be made on the next working day.

When you settle your repayment agreement earlier than agreed upon, you will be charged for up to 58 days of interest. Most importantly you should request a settlement quotation from Post Office Money before finalizing your loan.