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CommSave Summer Loan questions

Postal workers discussion forum. Discuss the day to day life in a Blue Shirt.
Jynxx
EX ROYAL MAIL
Posts: 198
Joined: 07 Oct 2010, 16:48
Gender: Male

CommSave Summer Loan questions

Post by Jynxx »

Hi I was just curious if anyone had any experience with a Commsave account. I've created an account etc and I was curious about the instant £1000 Summer loan application.
It states that new members can apply for a Summer Loan, (Members can apply instantly for a Summer loan, as soon as they have opened an account, as well as any existing members who do not currently have a loan outstanding with us.) but it also says that members must keep one third of the outstanding loan balance in savings at all times

https://ssl.commsave.co.uk/loans/summer-loan" onclick="window.open(this.href);return false;

So in order to apply for a Summer Loan do I first need to deposit £333.33 (more or less) into my account, before I can apply for a Summer Loan or If i Apply for a summer loan will £333.33 be placed into my account from the loan itself?

Has anyone been turned down for a loan from them? (Loans are allocated at the discretion of the loans officers and are subject to terms and conditions set out in our loans policy.)

Thank you for any help :) .
arnold cheshire
Posts: 5309
Joined: 14 Oct 2010, 21:28
Gender: Male
Location: england

Re: CommSave Summer Loan questions

Post by arnold cheshire »

Jynxx wrote:Hi I was just curious if anyone had any experience with a Commsave account. I've created an account etc and I was curious about the instant £1000 Summer loan application.
It states that new members can apply for a Summer Loan, (Members can apply instantly for a Summer loan, as soon as they have opened an account, as well as any existing members who do not currently have a loan outstanding with us.) but it also says that members must keep one third of the outstanding loan balance in savings at all times

https://ssl.commsave.co.uk/loans/summer-loan" onclick="window.open(this.href);return false;

So in order to apply for a Summer Loan do I first need to deposit £333.33 (more or less) into my account, before I can apply for a Summer Loan or If i Apply for a summer loan will £333.33 be placed into my account from the loan itself?

Has anyone been turned down for a loan from them? (Loans are allocated at the discretion of the loans officers and are subject to terms and conditions set out in our loans policy.)

Thank you for any help :) .
£333 will not be placed in your account but one things for sure you will not be able to cancel deductions from wages
mandelsons_toenail
Posts: 1294
Joined: 08 Aug 2009, 18:16
Gender: Male
Location: Outer Hebrides

Re: CommSave Summer Loan questions

Post by mandelsons_toenail »

They are brilliant

Give them a call or email

Very helpful over the years
demon
Posts: 732
Joined: 08 Jul 2009, 14:19
Gender: Female

Re: CommSave Summer Loan questions

Post by demon »

they are really good i use them every christmas and save with them too the interest has beat my bank for the past 8 years
iceman1277
Posts: 103
Joined: 28 Jan 2010, 15:51
Gender: Male

Re: CommSave Summer Loan questions

Post by iceman1277 »

demon wrote:they are really good i use them every christmas and save with them too the interest has beat my bank for the past 8 years
only save £2.00 and got the summer loan for a £1000 yip yip
Jynxx
EX ROYAL MAIL
Posts: 198
Joined: 07 Oct 2010, 16:48
Gender: Male

Re: CommSave Summer Loan questions

Post by Jynxx »

iceman1277 wrote:
demon wrote:they are really good i use them every christmas and save with them too the interest has beat my bank for the past 8 years
only save £2.00 and got the summer loan for a £1000 yip yip
Thank you for your replies I'll give them a go.
Theghost
EX ROYAL MAIL
Posts: 417
Joined: 17 Mar 2009, 16:44
Gender: Male

Re: CommSave Summer Loan questions

Post by Theghost »

The summer loan is the same as the christmas loan,You dont need any savings to get this,They usually process it fast too,So ring tomorrow,Papers tuesday,It will be in your bank no later than friday,fast.