The Interest Free Loan by Social Credit Cymru is a social initiative, run in conjunction with Plend and regulated partners, Purple Shoots and Robert Owen Community Banking Fund. This initiative is allows us to provide no-interest loans throughout Wales to people who are typically excluded from affordable financial services.

The primary purpose of the initiative is to offer a solution to those who face difficulties in accessing affordable credit and who in turn experience the poverty premium - the phenomenon that makes it more expensive to be poor. 

These loans are available to individuals in Wales who apply for a loan through Plend or one of our partners, but whose applications we would otherwise not be able to accept. Unfortunately, it is not possible to directly apply for an interest-free loan at this time. 

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FAQ

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How is Plend involved?

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Plend is the technology and referral partner for Social Credit Cymru. We work in conjunction with a number of partners to make Social Credit Cymru possible. 

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How do I apply for a NILS loan?

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Social Credit Cymru loans are being made available via a pilot programme to a limited number of people in Wales who apply for a loan with us or one of our partners but whose applications we would otherwise not be able to accept. Unfortunately, it’s not possible to apply for an interest free loan directly. 

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Someone I know has a NILS loan, why can't I have one?

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The Interest Free Loan offered by Social Credit Cymru are being made available to a limited number of individuals in Wales who apply for a loan through Plend or one of our partners, but whose applications would otherwise not be accepted.

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I’ve got financial problems, where can I go for help?

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We’re sorry to hear that you’re struggling with your finances at the moment. If you have an existing loan with us that you need support with - please don’t hesitate to reach out to us either via email at support@plend.co.uk, or via our live chat platform here. 

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We’re here to help.

If you are particularly worried about your finances or feel that they're getting on top of you, it might be worth speaking to a free debt advice charity such as StepChange. They have 24/7 services to assist you in your current circumstances. Talking to them will not affect your credit score. You can reach them here: StepChange