Whitehall Capital Charitable Loan Fund (WCLF) will offer interest-free loans ranging from £100–£5,000 with flexible repayment options.

It aims to tailor the terms of each loan to each individual and can help people with personal needs, including utility bills, refinancing credit card debts or helping with tuition.

The fund can also facilitate towards a down payment for those buying a home, starting a new business or supporting an existing business that may need help with cash flow.

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Anthony Bodenstein, CEO at Whitehall Capital (pictured above), said: “As a responsible lender, we set up the charitable fund to give back to the community.

“Working in the lending space, we are aware how sometimes the most disadvantaged people in society have no other option than to turn to payday lenders with colossal interest rates; it’s no surprise they often end up in challenging situations.

“WCLF’s interest-free loans of between £100 to £5,000, granted at regular intervals as and when required, will give people much-needed time to get their financial matters back on track.

“Importantly, we plan to substantially grow the loan book by redirecting part of our profits from our successful Whitehall Capital bridge lending fund.”