Your bank

a bank

You can talk to your bank or building society and see if they will let you borrow some money.

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You will need to pay back the money a bit at a time. They will also charge you some extra money. This extra money is called interest.

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You need to make sure you will be able to pay back the loan and the interest.

Loan

This is when a bank or building society lends you money which you then pay back. This is usually plus some interest as well.

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Interest

This is extra money you are charged when you borrow from a bank or building society.

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Find out about credit unions