Loans

Yes, you can make additional payments towards your loan.

 
This will initially reduce your next monthly Direct Debit payment, and any excess in payment will then reduce the total amount you owe. The amount of your remaining Direct Debit payments will stay the same.

Please note:

• If you have missed payments, and your account is in arrears, then your additional payments will go towards paying this off first
• Additional payments might take 1-2 days to appear on your loan account, depending on the processing time of your bank.
  
  

How to make an additional payment:

Use the account details below to make a bank transfer from your bank account:

• If you have a loan with My Community Bank

  Beneficiary/Name: My Community Bank

  Account number: 10291377

  Sort Code: 040072

  Reference: Your loan application ID*

• If you have a loan with Castle Community Bank

  Beneficiary/Name: Castle Community Bank

  Account number: 09245529

  Sort Code: 040072

  Reference: Your loan application ID*

*Your loan application ID consists of 6-8 characters and can be found by either. logging in to your account or in the emails we’ve sent you regarding your loan.