Public Sector & NHS Employees Only
Eligibility Criteria
You must be over 18 years of age.
You must be in permanent employment.
You must not be currently serving your probation or notice period.
Your minimum take home pay should be £1500 per month.
You have not been registered as insolvent in the last 6 years.
You are not currently in any form of debt management plan including an Individual Voluntary Agreement (IVA) / and Trust deed or, within the last year, have experienced any form of bankruptcy, sequestration or DRO (Debt Relief Order).
You are not suffering from any illness or addiction which would mean that borrowing money would be likely to cause you harm. While many forms of addiction exist, alcohol, drugs, and gambling are the most common, and all of these can lead to personal, health, and financial harm (including becoming over indebted or spending too much).
REPRESENTATIVE EXAMPLE:
Loan repayable over 18 months – £1000. Monthly repayment at £86.81, Total amount repayable £1562.58. Rate of interest 59.97%, Representative 79.5% APR
WARNING: Late repayment can cause you serious money problems. For help, please visit the Moneyhelper website.
This loan may be suitable for you if:
- You want to borrow over 12, 18 or 24 months
- You want a competitively priced loan up to £2000
- You want a loan that isn’t just based on your credit score
This loan may not be suitable for you if:
- You earn less than £1500 per month.
- You already have outstanding payday loans or short term loans.
- You are already in financial difficulty and wouldn’t be able to repay the loan.
How it works...
Apply to Salad Money using the form below. Applying won't affect your credit score^
We'll check your eligibility for a loan against the application criteria and if suitable, you’ll be sent to the Salad Money website
If you are not eligible for a Salad Money loan, we will try our other lenders to see if we can get you a loan elsewhere
If another lender accepts your application you’ll be redirected to their website
^In order to assess your suitability for a loan, lenders may perform a soft credit check, this does not harm your credit score and is not visible to other lenders. If you accept a loan offer, you will be redirected to the lender and they may ask to perform a full credit check.
Start your application below..
About Salad
Salad is a for-profit social enterprise and believes that lending should be fair for everyone. They provide small, affordable loans to NHS, public and private sector employees.
Comparisons on allthelenders use the highest possible APR available, you may find that if you are accepted for a loan it could be cheaper that what is displayed here. This is because loan quotations are personalised to your exact circumstances.
Salad will not make a decision on your loan based on your credit score, they use the latest technology in Open Banking to make sure the loan is affordable for you. Open Banking is a UK wide FCA regulated service that gives you more control over your banking data. Open Banking enables you to share your data securely with selected third parties such as Salad Money.
Applying
People over 18 can apply for a Salad loan, but you’ll need to meet their lending criteria. Salad loans are not suitable for those who may already be struggling with debt.
Salad differs from many other lenders because their lending decision isn’t based on your credit score, they use Open Banking to take a look at your incomings and outgoings and then determine whether a loan is affordable for you or not – this is a much fairer way of assessing your suitablity for a loan.
The great thing about applying on allthelenders is that if Salad cannot accept your application then we will search our comprehensive panel of lenders to see if any other lenders will accept you, saving you time and helping you to get the loan that you need.
Repaying a Salad Loan
You can repay your Salad loan over 12 or 18 months depending on the loan term you choose during your application.
Once you have repaid your Salad loan, subject to affordability checks you may be eligible to borrow again and you may be offered a higher amount.