Members can apply for up to five times the amount in their savings to a maximum of £25,000. Your savings then act as security on the loan and cannot be withdrawn as long as your loan balance exceeds your savings balance.
There are no set-up fees, hidden charges or penalties for repaying the loan early and loans are covered by our bereavement fund at no additional cost to the member.
The success of the loan application is based upon your ability to afford repayments and your savings record. However, unlike some other lenders, we do not simply rely on credit scores when considering your application or automatically reject it if you have had financial problems. Equally, we will not encourage you to borrow more than you need or can afford.
Please be aware that this is not a loan offer and the figures quoted in this document are based on the Representative starting APR.
The calculator is for illustration purposes only. Rates may be withdrawn at any time. We reserve the right to refuse any application.