While an Abound loan is designed to help with a wide range of personal needs - such as home improvements, debt consolidation, or a new car - there are specific activities we cannot fund.
Prohibited Loan Purposes
You cannot use an Abound loan for any of the following:
Gambling
Cryptocurrency purchase
Stocks and share dealing
Bond purchasing
Illegal activities such as drugs and money laundering
Paying interest for high-cost short-term credit
Everyday living expenses
Property investment, including rent or mortgage deposit/payment
Any business use
If you need clarification on any of the above or have additional questions, please get in touch!
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Please I need a loan
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