Introduction
Ansar Finance Group has gone from strength to strength since it started in its interest-free personal loans service in 1994. Your donation of just £10 per month will help build a fund from which interest-free loans are made to Members.
Consider the fact that there are over 400,000 Muslim households in Britain. If every one of them joined the Ansar Personal Loans Ltd. ("APL") scheme, £4m per month would be made available to help the Muslim community avoid interest. And those who lend free of interest earn a reward from Allah in the process.
Many of our Members have already benefited from our interest-free lending facility, saving themselves hundreds, some even thousands, of pounds in interest payments. The chart below compares the repayments on a £5000 loan repayable over 36 months from some of the high street banks.
Company |
Rate |
Monthly Payment |
Interest Paid |
APL |
0.0% |
£138.88 |
NIL |
Bank of Scotland |
10.9% |
£165.20 |
£947.52 |
Halifax |
17.4% |
£176.25 |
£1345.32 |
Barclayloan Direct |
15.9% |
£173.26 |
£1237.68 |
Lloyds TSB |
15.9% |
£173.05 |
£1230.12 |
HSBC |
13.9% |
£168.68 |
£1072.80 |
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