Royal Mail Loans.

[SamH25]

Hi all.

I've recently moved and Im traveling around 30 miles into work. It will work out cheaper to get a train into work but need a loan to pay the costs upfront.

Does anyone know if RM offer employees interest free loans?

[Nigel1505]

I doubt it, but if you have an account with one of the credit unions you can normally get one there.

[korky]

i asked last year, along with the union, no.
try commsave, depending how much you don't pay much interest,

"I want to borrow £500

and pay it off over 52 weeks

Weekly Repayment: £10.21
Total Amount Repayable: £531.18
Representative APR: 12.7%"

you do have an extra £2 minimum which goes into your savings.

[spiderj]

Check the employee benefits section on Myroyalmail

There is a scheme for travelling :)

[Pinky 1]

You could also try the Rowland Hill Fund, they may be able to help.
http://www.rowlandhillfund.org/" onclick="window.open(this.href);return false;

[spiderj]

Season ticket loan possible....just can't remember if its in my royal mail....tried calling wages?

[SamH25]

Okay. I'll check it out and see what I can find.
Thanks all.

[westham000]

Always get an 12-18 months interest free credit card. And spread any payments over a period that suits you, with a direct debit from your bank. But remember , if you miss any repayments or don't pay it off in time your be hit with high interest rates.