This page offers an overview of the loans we make, for more details or to apply for a loan, please contact our Administrator
How much can we borrow?
Our maximum loan is currently £250,000 with a minimum of £30,000. Our loan must comprise at least 75% of external borrowing for the project.
What are the terms of any loan?
Loans are interest free, repayable over 10 years by half yearly instalments.
The first instalment is payable 12 months after the loan has been drawn.
Once the loan has been repaid we ask for a thank-offering which is equal to two instalments (this will be lower if the loan is repaid early).
What projects will qualify for loans?
Projects for which we will make loans are usually one of three types:
How do we apply for a loan?
You need to obtain an application form from the ADMINISTRATOR.
Once your application has been received it will be reviewed by the trustees and a decision will be made. Any loan made to you will be subject to a number of conditions. To find out more detail about the review process and the conditions please click HERE
The role of Baptist Building CIO is solely that of lender. We do not charge lending fees and, whilst it obtains financial and architectural advice, it does so for its own purposes only, and at its own cost if need be, to enable it to decide whether to lend or not.
Under no circumstances can Baptist Building CIO or anyone acting on its behalf, be regarded as an advisor to the borrower nor can
the fact that it obtains its own advice be regarded as a substitute for the borrower obtaining its own proper advice in advance and properly supervising and insuring work in progress
Charity Number 1185767