Borrow money at a rate you can afford to pay back

Affordable loans

Get access to short term loans without resorting to pay weekly stores or high cost credit providers. MoneyWorks is run by Newham Council and built to help the people of the borough to secure their financial wellbeing. We understand how important it is that you get access to financial advice you can trust when considering taking out a loan. Our Annual Percentage Rates (APR) compare favourably with high street banks.

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MoneyWorks standard

Get up to £1,500 with low interest rates (APR 19.60% to 26.80%).

  • Repayable over 2 years
  • Weekly or monthly repayments

MoneyWorks home

Get up to £1,500 with low interest rates (APR 19.60% to 26.80%) weekly or monthly repayments spread over two years

  • Appliances/White Goods
  • Furniture
  • Technology

MoneyWorks Helper Loan

Get up to £300 with an affordable interest rates (APR 26.80%) weekly or monthly repayments spread over 6 months

  • Up to £300
  • Repayable over 6 monthly instalments

MoneyWorks emergency loan

  • A safety net for residents in case of an emergency
  • Support to help vulnerable people move into or stay in the community
  • Support to relieve exceptional pressure on families.

*Subject to eligibility criteria.

How we use your personal information?

Information which you provide or which we obtain through your dealings with us will be held securely with Newham MoneyWorks. We will use your information as applicable and this may include:

  • Keep in contact with you and provide you with the best service you deserve
  • MoneyWorks may pass your personal data to Newham Council other departments, internal agencies & systems, London Community Credit Union (LCCU)
  • Debt counselling or other specialist service providers if needed
  • The Department for Work and Pensions or HM Revenue and Customs
  • Data Processors who act on our behalf
  • We retain personal information for as long as is necessary
  • To find out more about how we process personal information, please read our Privacy & Data Processing Notice

By submitting a loan application, you are giving your consent/agreeing to your personal information being used in this way.

We work in partnership with London Community Credit Union (LCCU) to offer residents better deals on financial products as well as help with debts and money management.

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We work in partnership with London Community Credit Union (LCCU) to offer residents better deals on financial products as well as help with debts and money management.