No-Interest Loans Available to Support Farnham Residents with Essential Costs

Unexpected expenses can put pressure on household finances. Whether it is a broken appliance, urgent car repairs, healthcare costs or replacing essential household items, finding affordable support when money is tight can be challenging.

To help local residents manage these situation, Farnham Town Council has funded No-Interest Loan Scheme that is administered by Boom Community Bank. 

The scheme is designed to support people who may struggle to access traditional forms of credit but can afford manageable repayments. By providing access to affordable, interest-free loans, the initiative helps residents cover essential costs without relying on high-cost borrowing options.

What can a Farnham No-Interest Loan be used for?

Eligible residents can apply for loans between £300 and £1,500 to help with essential expenses, including:

• Furniture

• Household appliances and white goods

• Educational resources

• Car repairs and MOT costs

• Dental and eyecare costs

• Public transport season tickets

• Other essential household needs

These loans are designed to provide practical support at times when unexpected costs arise.

Affordable repayments designed around your circumstances

At Boom Community Bank, we understand that everyone's financial situation is different. Repayments are tailored to reflect each borrower's circumstances and ability to repay, helping to ensure that borrowing remains manageable.

Unlike high-cost lending options, the No-Interest Loan Scheme allows eligible residents to access support without paying interest on their loan.

Supporting financial inclusion in Farnham

The scheme is funded by Farnham Town Council and administered by Boom Community Bank as part of a wider commitment to improving financial inclusion and helping local residents access fair and affordable financial support.

By working together, community organisations and local authorities can help ensure that people have alternatives when unexpected costs arise.

Mark Jasper, CEO of Boom Community Bank, said:

"Many people experience unexpected costs that simply can't wait, whether it's replacing a broken washing machine, repairing a car to get to work, or covering essential healthcare costs. Thanks to the support of Farnham Town Council, this interest-free loan scheme provides a practical and affordable solution for local residents who need a helping hand.

By removing barriers to affordable credit, we're helping people remain financially resilient while strengthening the wider community."

What our members say

Local customer Kelly shared her experience of using Boom Community Bank:

"The team at Boom made my loan application much less scary. Everyone was friendly, supportive and kept me updated throughout the process."

Could you benefit from a Farnham No-Interest Loan?

If you live in Farnham and need support with an essential cost, you may be eligible for a No-Interest Loan through Boom Community Bank.

Find out more about eligibility and how to apply for a no interest loan here