For borrowing up to £25,000 the representative Effective Annual Rate of interest (EAR*) will help you to compare our Overdraft rate with those of other lenders.
Representative example (for borrowing up to £25,000)
Arranged overdraft: 6.28% (Variable) Representative EAR*
Unarranged overdraft: 25.59% Representative EAR*
*EAR stands for Effective Annual Rate. This is a representative interest rate showing the rate you would pay if you remained overdrawn for a year.
The representative example provided does not include any future changes to the Bank of England Base Rate.
Lending decisions are based on individual circumstances, so the rates we offer may vary between customers.
When we advertise our products, we use representative rates to show what the majority of customers may be offered. Interest is calculated daily and will be charged on a monthly basis.
Interest rates for overdrafts above £25,000 are discussed upon application.
To apply, you and all key parties must:
Your application is subject to status and based on an assessment of your financial circumstances.
We aim to give you a decision within 10 business days of the information being received. Occasionally, we may require additional information depending upon your circumstances.
Please ensure you read the important documents below and save copies of them for future reference.
To apply, you need to complete and return:
When you have completed these forms, you can send them to us by email or post.
Attach the complete forms to an email and send to email@example.com
This email address is to pick up lending requests only. Any emails received that do not contain a lending request, we will unfortunately be unable to respond to.
Print off and post your completed forms to:
The Co-operative Bank
P.O. Box 200
If you do post your application, we will aim to process it within 10 business days of it reaching us.
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