Personal Loans.
Use your Community.
Excluded by the mainstream banks? Community Finance offers inclusive, fair and affordable loans.
350+ Community led lenders in the UK
No contact details required for a match
Personal and inclusive lending
Representative 28.3% APR
Who are Comuno?
We are Comuno. On paper we are a socially led tech company, but see us as the online flag bearer for the world of community finance.
Having worked in online financial services for over a decade, we've seen the vast amount of customers searching for finance products, that without knowing it, need community finance.
Our mission is to unite them.
Why should I use Comuno to get a loan?
Comuno is a free service that makes finding and accessing Community Finance options easy. But why is Community Finance the answer?
Cheaper than most alternative loan options
Short and long term loans for all purposes
Strong ethical stand point
Led by customer wellbeing and not profits
Inclusive lending for diverse credit history
What is a Community Finance Loan?
A Community Finance loan is a loan provided by a company that is led by the well-being of the community it serves, not profits. These types of firms include Credit Unions, CDFIs and not-for-profit lenders.
What can I use a personal loan for?
A personal loan can be used for a variety of purposes. The most common being...
Home Renovations
Consolidate
Debts
Cover unexpected bills
Dream wedding or holiday
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350+ community led providers in the UK
Here's how to get a loan with Comuno..
Step 1 - Find your community
Based on just your postcode, work or existing associations we’ll narrow you down a suitable Credit Union or CDFI.
Match in 30 secs with no contact details
Step 2 - Check your eligibility
You can then check your eligibility for your loan or membership (if a credit union). This way you won’t impact your credit file, or waste any unnecessary time.
Check has no impact on your credit file
Step 3 - Review quote & apply
If eligible we’ll present you with a personalised loan quote. If you decide to continue we’ll send you and your details to the lender to finalise your application. Zero hassle.
Application sent direct to lender
How does Community Finance compare to the best loan rates in the UK.
Community Finance in the UK offers an appealing alternative to traditional loan options, particularly for those who might not qualify for mainstream financial products due to a less-than-perfect credit history or limited credit experience.
Alternative finance loan comparison
Below is an example of how a Credit Union loan compares to an alternative finance provider, both looking to service those excluded by mainstream finance.
Community Finance*
Loan amount: £3,000
Loan term: 24 months
Monthly Repayment: £165.12
Total you will repay: £3962.99
Representative APR: 28.3%
Representative Example: Borrowing £3,000 over 24 months at an interest rate of 28.3% p.a. (fixed), you will repay 24 monthly payments of £165.12 per month. Interest Payable £1962.99. Total Repayable £3962.99.
*Rates taken from TransaveUK on the 18/01/24
Alternative Lender*
Loan amount: £3,000
Loan term: 24 months
Monthly Repayment: £237.75
Total you will repay: £5,706
Representative APR: 99.9%
Representative Example: Borrowing £3,000 over 24 months at an interest rate of 71.3% p.a. (fixed), you will repay 24 monthly payments of £237.75 per month. Interest Payable £2,706. Total Repayable £5,706.
*Rates taken from Everyday Loans on the 18/01/24
What is a soft search?
As soft search is also known as a soft credit check. Unlike a hard search, which is recorded and visible on your credit report, a soft search provides a snapshot of your financial standing without leaving a mark for other lenders to see.
The Comuno Eligiblity Check uses a soft search, to allow you to see which Community Finance Loans you're eligible for, without impacting your credit file.
How do I know if I'm eligible?
This is where Comuno steps in. Start by completing a 30 second Community Search to narrow down suitable providers.
You can then use the Comuno Eligiblity Check to understand your Eligibility for a loan. Easy.
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How does Community Finance differ from traditional banking?Unlike traditional banks, Community Finance institutions often focus on financial inclusivity and community wellbeing. They provide services tailored to those who may be underserved by mainstream financial institutions.
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Who Can Benefit from Community Finance Services?If you have difficulty accessing services from traditional banks, due to poor or thin credit history, low income, or if you're just seeking more community-oriented financial solutions, Community Finance is for you.
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Are Community Finance institutions safe and regulated?Yes, like traditional banks, Community Finance institutions are regulated and must adhere to financial regulations, ensuring they operate safely and in the best interest of their customers.
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How do I find a Community Finance provider near me?You can use the Comuno Community Search tool, which matches you with providers based on your postcode and other basic criteria.
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What kind of customer service can I expect from Community Finance providers?These providers typically offer a more personalised customer service experience, focusing on individual needs and community wellbeing.
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Are interest rates competitive?Community Finance providers often offer competitive interest rates, especially compared to high-interest alternatives like payday loans.