This loan is open to members who have been saving for over 3 months. This loan is not linked to members' savings.
- Borrowing Limit: Up to £5,000
- 10% Interest Rate (10.5% APR)
- Repayment Period: Up to 3 years
- Open to members who have been saving with us at least 3 months
Members with a Starter Loan cannot apply for this loan
- Save a minimum of £27 per month (regular savings) + £30 in car savings. This means: save in total a minimum of £57 per month.
- 2 Most recent monthly transactional bank statement
- Most recent 2 month's payslip(s)
- Log book to be presented 2 months after receipt of loan (If it's not presented, interest increases to 26% APR)
To apply for this loan please click here