We do not offer loans that require repayment in full within 60 days. There are no arrangement fees or early repayment penalties. Representative Example (22.93% APR): Borrow £1,000 over 12 months, with 12 monthly repayments of £93.07. Total amount repayable: £1,116.78. The rates shown are for illustrative purposes only; the rate offered depends on individual circumstances and affordability. Boom Community Bank operates a voluntary concurrent savings policy. Members are invited to save 10% to 20% alongside loan repayments. The savings are held as collateral for the duration of the loan and will be released once the loan has been fully repaid. Boom reserves the right to apply the savings towards the outstanding loan balance in the event of non-payment, in accordance with the loan agreement. Boom Community Bank is the trading name of West Sussex and Surrey Credit Union Limited.