Take back control and own your Taxi. Our Taxi loan helps people buy their very own Taxi at an affordable rate tailored to your needs.
Our secured taxi loans are available to members who have saved with us for a minimum of 1 month. Members can apply for up to £60,000 on top of their savings, repayable over a maximum of 5 years.
Plane Saver charge a maximum of 6.9% APR on the reducing balance of your loan, with our minimum interest rate 3.4%*
As an example this means that should you borrow £44,395 for a TX4 Euro 6 Elegance at 6.9% APR repaid over 5 years your total weekly repayment will be £201.06, with a total interest payable of £7,878.59. You will be told upfront what the total cost of credit will be, a figure which is guaranteed and will not be suddenly increased.
Plane Saver Taxi Loans also have the added benefit of;
- No early repayment penalties
- No hidden fees or charges
- Free life cover
- Interest calculated on the reducing balance
Plane Saver will do their utmost to help where we can, but we do have to ensure we lend our members money responsibly meaning there may be occasions we are unable to lend.
To apply for a Plane Saver loan please call our team on 0208 607 5020.
*Terms and Conditions apply.
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Please be aware that this is not a loan offer and the figures quoted in this document are based on the Representative APR which may differ from the actual APR you qualify for after we have conducted a credit search. As a result, this should only be used as an indicative illustration.
The calculator is for illustration purposes only. Rates may be withdrawn at any time. We reserve the right to refuse any application.
At the Credit Union members' savings are pooled to provide the funds to pay out loans. In order to ensure that there is always enough funds members are asked to continue saving a minimum of £10 per month whilst repaying a loan.
* Loans are allocated at the discretion of the loans officers and are subject to terms and conditions set out in our loans policy.