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commsave loan

Postal workers discussion forum. Discuss the day to day life in a Blue Shirt.
stodgy88
EX ROYAL MAIL
Posts: 641
Joined: 14 Nov 2008, 20:11
Gender: Male

commsave loan

Post by stodgy88 »

hello, does anyone know how long a decision on a loan with commsave takes,cheers.
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masada
Posts: 21
Joined: 05 Mar 2010, 08:16
Gender: Male

Re: commsave loan

Post by masada »

Pretty quick. i had mine all within a week. You apply, they send out forms to sign (usually next day) and you send them back and money will usually be in your account the day they recieve the forms back. Great service in my opinion.
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eastie
EX ROYAL MAIL
Posts: 2234
Joined: 16 Jun 2011, 15:32
Gender: Male

Re: commsave loan

Post by eastie »

what are their APR rates like ?
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stodgy88
EX ROYAL MAIL
Posts: 641
Joined: 14 Nov 2008, 20:11
Gender: Male

Re: commsave loan

Post by stodgy88 »

just 1% each month (APR12.7%) on the reducing balance of your loan. As an example this means that should you borrow £1000 from the Credit Union repaid over 1 year your total repayment will be £1066.18.you will have to save for at least 3 months ,then lend you 3x your savings.you have up to three years to pay loan off.
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tragictramp
Posts: 381
Joined: 19 Dec 2008, 18:02
Gender: Male

Re: commsave loan

Post by tragictramp »

have you got to be part of commsave for a considerable amount of time before you can have a loan?
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stodgy88
EX ROYAL MAIL
Posts: 641
Joined: 14 Nov 2008, 20:11
Gender: Male

Re: commsave loan

Post by stodgy88 »

3 months you can lend 3x the amount you have saved from your wages,plus any one off payments you might make.
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POSTMAN
SITE ADMINISTRATOR
Posts: 32787
Joined: 07 Aug 2006, 03:19
Gender: Male

Re: commsave loan

Post by POSTMAN »

They are doing the xmas loan again this year!...
https://ssl.commsave.co.uk/loans/christmas" onclick="window.open(this.href);return false;
Hi All, The Christmas loans are now available to any new member joining now, or any current member that doesnt already have a loan outstanding. The maximum available as a Christmas loan is £1,000 with payments of just £20 per week. Our phones are really busy at the moment, so if you are having trouble getting through please leave a message, and we will get back to everyone, or if you have a PIN number you can fill out the application form online via our website.
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
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tragictramp
Posts: 381
Joined: 19 Dec 2008, 18:02
Gender: Male

Re: commsave loan

Post by tragictramp »

cheers chaps or chapesses
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P_ostman
EX ROYAL MAIL
Posts: 31
Joined: 28 Feb 2011, 21:13
Gender: Male

Re: commsave loan

Post by P_ostman »

POSTMAN wrote:They are doing the xmas loan again this year!...
https://ssl.commsave.co.uk/loans/christmas" onclick="window.open(this.href);return false;
Hi All, The Christmas loans are now available to any new member joining now, or any current member that doesnt already have a loan outstanding. The maximum available as a Christmas loan is £1,000 with payments of just £20 per week. Our phones are really busy at the moment, so if you are having trouble getting through please leave a message, and we will get back to everyone, or if you have a PIN number you can fill out the application form online via our website.
So if I've got this right,you have to join and have one third of the amount you wish to borrow saved before you can borrow?
Or does this not apply to Xmas loans?
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stodgy88
EX ROYAL MAIL
Posts: 641
Joined: 14 Nov 2008, 20:11
Gender: Male

Re: commsave loan

Post by stodgy88 »

there are different kinds of loans ,but all insist that you save for at least three months -i applied for a personal loan after 3 months ,but besides having deductions from my pay,i made a few one off payment ,so the amount i wanted to lend was a larger amount.go to facebook link in one of above posts and check out the details.
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TrueBlueTerrier
FORUM ADMINISTRATOR
Posts: 72727
Joined: 30 Dec 2006, 10:29
Gender: Male
Location: On my couch

Re: commsave loan

Post by TrueBlueTerrier »

https://ssl.commsave.co.uk/" onclick="window.open(this.href);return false;
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POSTMAN
SITE ADMINISTRATOR
Posts: 32787
Joined: 07 Aug 2006, 03:19
Gender: Male

Re: commsave loan

Post by POSTMAN »

Good bump. :Applause
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
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mandelsons_toenail
Posts: 1294
Joined: 08 Aug 2009, 18:16
Gender: Male
Location: Outer Hebrides

Re: commsave loan

Post by mandelsons_toenail »

I hear they now offer 4 x your savings?

I have a nice nest egg saved with these guys.

Amazing service IMO :Very Happy
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