TFA Members Benefits
TFA’s only approved finance partner.
The TFA and bira bank are working in partnership to provide lending and savings for both your business and personal needs. This facility is open to TFA members who have been a member for six months or more.
Lending:
Rates - competitive fixed rates which will remain unaltered for the duration of the loan, regardless of whether rates rise or fall during the lifetime of the agreement. For current rates offered by bira click here.
Loans - normally an advance of up to 80% of the total cost including VAT is available. All of their loans feature no admin or early redemption charges.
All items of a capital nature or connected with the business i.e. cars, vans, trucks, tractors, farm equipment, computers, machinery, point of sale equipment, alarm and security systems, new shop-fittings and showrooms etc. can be financed.
Repayment - must be made using a standing order arrangement and should not be less than £20 per month. The maximum repayment period is 60 months but computers must be repaid within 48 months.
Insurance - please note that comprehensive insurance of all items covered by the loan agreement is the responsibility of the member.
Savings:
A range of saving accounts from regular savers to deposit accounts and ISA’s. To see their full range, visit the savings section of their website.
Further information - please contact David Pears or Frank Burton at bira bank, quoting TFA as a reference, on telephone number 0121 446 6688 or email: info@birabank.co.uk. Further information can be obtained from the bira bank website: www.birabank.co.uk
The TFA receives a small commission every time a member enters into a new scheme. This commission helps the TFA to maintain lower membership rates for its members.
*Please note that a copy of your latest accounts may be required for credit assessment purposes particularly if you are using the facility for the first time.