How to apply for a Loan

Thank you for your interest in applying for a WEvo Loan. The application process is as follows:

  • Step 1 – Ensure that every member of the SRG approves the request for a loan.
  • Step 2 – Check if you meet the key eligibility criteria [hyperlink to ‘Check list to assess…’] to apply for a loan.
  • Step 3 – Speak to our staff member who will review the criteria and explain the loan process including interest rates and terms and conditions.
  • Step 4 – Complete the application form [hyperlink to Loan Application Forms on Resources Page] and return it to us with any requested documentation.
  • Step 5 – We will assess the application and arrange for a visit to discuss matters further.
  • Step 6 – Once all the information has been gathered, we will take a decision and communicate this to the SRG.
  • Step 7 – The Loan Agreement will be signed at this stage and the loan amount will be transferred into a bank account held in the name of the SRG and a standing order/direct debit set up for repayments.