Interest-free loans to be rolled out in UK to help with food bills

The initiative will be available to customers nationwide from August 16

The loan scheme is on offer for Iceland customers to spread the cost of grocery bills (Reuters)

Interest-free loans for food shopping are being launched to help people through the cost of living crisis.

Iceland Foods and charity-owned lender Fair For You are offering their customers small loans of between £25 to £100 to help assist with grocery bills.

Shoppers have said the scheme has provided them “piece of mind” during this period of rising prices, and the initiative will launch nationwide from 16 August.