The range of assistance we provide by means of loans
• from wheelchair access to a new building
• bridging loans for manse purchase
• the amount can be large (up to £558,400) or small
• 92 Church Councils and other Trustees are at present using a loan
from Methodist Chapel Aid

Our terms
• the loan is usually repayable within 4 years
• there is no penalty for early repayment
• the lowest practicable rate of interest is charged
• we aim to keep rates stable for at least a year
• we lend up to 50% of the cost of the building scheme

Current interest rates on loans
• 3.89% per annum variable on term loans made to Methodist Trustees for building work
• 4.91% per annum variable on bridging loans made to Methodist Trustees for manse purchase
• Loans are also available to Trustees of Church of England and other non-Methodist Christian churches. For these the interest rates are individually determined.

Further information
You can telephone, fax or e-mail us and we will send you a pack of information.

John Wells, the Chief Executive, David Jackson, Company Accountant, Kath Nicholson and Sue Lynn, Administrative Assistants form a friendly team who will be pleased to assist you with any questions you may wish to raise. Should you have any queries, do not hesitate to contact us by telephone, fax, e-mail or letter at the address shown below:

1 Telford Terrace, Albemarle Road, York, YO24 1DQ
Tel: 01904 622150 Fax: 01904 672727
E-mail: mcaa@methodistchapel.co.uk

Notes
1. Where there is a Local Ecumenical Project (LEP) with Methodist involvement loans are available at the rates shown above. A copy of the relevant sharing agreement is usually required before the loan is advanced.

2. Interest is charged on loans on 30 June and 31 December. APR is the annual percentage rate of interest on loans.

3. Loans are also available to Methodist ministers and deacons for car purchase.

The information on this website is correct as at March 2008