We operate a national scheme of car
loans for all serving clergy, deaconesses and licensed lay workers
paid through this office. Unfortunately, we are unable to offer
loans to retired clergy. The maximum loan is
currently £11,170 and interest is
charged at 6% p.a.
If you apply for a loan HM Revenue
& Customs will treat any loan granted from this office as a
beneficial loan [more details].
Repayments (maximum of 48 months but
subject to a reduced term for a vehicle exceeding four years of
age) will be deducted at source from stipend [more
details]. Before completing the application form we ask that
you consider the terms and conditions attached to the loan [more
details] which are included on the reverse of the application
form. Please do not make an application without considering the
terms and conditions attached to the loan. If you have any
questions please contact us [more details].
An application form is available from the resources menu on the
right hand side of this page. If you wish, you may complete the
application form on screen but upon completion you will need to
take a print, sign it and forward it to your diocesan / chapter
office. Please note that each diocese has an arrangement for
countersignature and, in some cases, this may be carried out at
your diocesan office or by your Archdeacon. If in doubt please
contact your diocesan office before returning the application form.
To help us to process the loan without delay please include all of
the required information [more details].
Provided the vehicle meets the
relevant criteria [more details] and
there are no queries with the completed form the application
will be considered for approval and once approved we will
arrange for a BACS credit to be made as soon as possible (to
your account or to the supplier) but please allow up to six
working days for your loan to be processed. If you have made
arrangements to collect your vehicle please contact us to discuss
when the funds will be available to be released. In cases of
extreme urgency please contact your diocesan office as they may be
able to help.