About the Business
FAIRshare is a not-for-profit 'community bank' offering secure savings and affordable loans for anyone who lives or works in Shropshire. FAIRshare is owned by and run for the benefit of its members - as soon as an adult opens an account they become a member and a shareholder in FAIRshare. Unlike high street banks and building societies, FAIRshare does not carry out any credit checks before opening an account - previous County Court Judgements (CCJs) - bankruptcy or insolvency -do not prevent you from joining, nor do they charge for the services provided.
After saving regularly for 3 months, members have the option to access affordable low cost loans from £50 to £7,500 in value, with repayments over anything from a few weeks up to five years. APR per month are calculated on the reducing balance - not the original loan value - and the amount borrowed is based on the member's income and expenditure.
Location & Hours
Unit 3, Southwater Square, Southwater Way
