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Cost of living: Iceland to offer interest-free loans to help customers by food


Still Waters
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Posted (IP: Staff) ·

Iceland will offer customers interest-free loans to help with their food shop amid soaring inflation.

The supermarket trialled the scheme in Huddersfield and Rhyl, Denbighshire, before rolling it out across Wales, where more than 500 customers used it.

Managing director Richard Walker said loans - provided by charity-owned lender Fair For You - would only be offered to those who can afford them.

Repayments are set at £10 per week, with customers able to choose the day they are made and overpay if convenient to them.

https://www.bbc.co.uk/news/uk-wales-62560997

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