Flexi Loan

Find out what you need to know about the Flexi Loan. We've covered all of the most commonly asked questions, from how to apply, to how much you can borrow.

What is the Flexi Loan?

You can borrow between £500 and £1,200 and choose to repay it over a period between 6 to 12 months. The Flexi Loan offers you a simple way to borrow money when you need it. You can apply for a Flexi Loan if you've…

Am I eligible for a Flexi Loan?

You can apply for a Flexi Loan if you've had an active thinkmoney Managed Current Account for three months and work over 16 hours per week or are retired. You can give us a call on 0161 672 8988 to see if you're eligible …

How can I apply for a Flexi Loan?

To apply for a Flexi Loan, give us a call on 0161 672 8988 and we'll be able to take you through the application process and see if you're eligible. You’ll need to have a thinkmoney Managed Current Account to get a Flexi …

How much can I borrow with a Flexi Loan?

You can borrow between £500 and £1,200 with a Flexi Loan. The credit limit you'll get accepted for is subject to your eligibility. You might get accepted for a lower amount than the amount you originally applied to…

How long can I borrow for with a Flexi Loan?

You can repay a Flexi Loan over a period between 6 to 12 months. You'll repay what you borrow, plus interest in monthly instalments.

Are there any fees for a Flexi Loan?

There aren’t any fees to set up a Flexi Loan and you don’t have to pay anything extra for your account to get the option to take out a loan. All you’ll pay is your monthly repayments, including interest. Here…

Can I get help if I want to apply for a Flexi Loan?

Yes, just give us a call to apply for a Flexi Loan on 0161 672 8988 and we'll be able to take you through the application process and see if you're eligible.

How can I pay back a Flexi Loan?

You'll repay your Flexi Loan in monthly instalments – we’ll tell you what these will be when you apply for the loan. Also we’ll make it easier to repay it too. We'll budget for your repayments just like we wo…

Will you budget for my Flexi Loan repayments?

Yes, we'll treat your Flexi Loan repayments as we would do any other bill. Just give us a call on 0161 779 5000 if you have a particular income you want us to take your loan repayments from.

What happens if I don't pay back my Flexi Loan on time?

If you're struggling with your Flexi Loan repayments, get in touch with us on 0161 672 8988. We'll do everything we can to help once we know you're having difficulties. Missing a payment means your loan balance will incur inte…

Do you credit check me with a Flexi Loan?

Yes – when you apply for a Flexi Loan, we will run a credit check to see if you’re eligible to borrow with us.

Do I need to be a customer to get a Flexi Loan?

Yes, you can only apply for a Flexi Loan if you’re a thinkmoney Managed Current Account customer. You can apply for a Flexi Loan if you've had an active thinkmoney Managed Current Account for three months. To apply, give…

I am struggling to repay my Flexi Loan, what should I do?

If you're struggling with your Flexi Loan repayments, get in touch with us on 0161 672 8988. We'll do everything we can to help once we know you're having difficulties.

Can I change the repayment date on my Flexi Loan?

You will need to contact us if you want to change the repayment date for your Flexi Loan. Just give us a call to discuss this on 0161 672 8988.

I've just paid off my Flexi Loan, can I get another one?

Yes, you can re-apply providing you have paid off any Flexi Loan or Credit Facilities previously borrowed.

Can I extend my Flexi Loan?

You cannot extend your Flexi Loan as the repayment period is set at the time you apply.

Can I still use my credit facility if I take out a Flexi Loan?

If you take out a Flexi Loan, you won’t be able to use the credit facility on your thinkmoney Managed Current Account. When you’ve repaid your Flexi Loan, you will be able to apply to use the credit facility again …

Can I apply for a Flexi Loan if I have a Joint Account?

Yes – you can apply for a Flexi Loan if you hold a joint thinkmoney Managed Current Account with another person. You won’t however be able to apply for a loan on your own – you’ll only be able to get a j…

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