Nemo Personal Finance, part of Principality Building Society Group, was launched in 2005. It is continuing to grow and it now boasts almost 200 employees.
Nemo offers simple loan procedures and provides you with a personal Loan Officer to guide you through the process. They will call you at each development in your application, to let you know how your case is progressing.
You must be a homeowner with a mortgage to take out a Nemo loan, and your property must be worth at least £60,000. Nemo will pay for the valuation of your property and will not charge any set-up fees. The minimum age is 21 for employed applicants and 25 for self-employed applicants.
The repayments will be taken by direct debit from your bank account. Remember that a homeowner loan is secured on your house and if you do not keep up repayments then your home may be repossessed.
