Winter Loan

From the 1st November 2023, we are pleased to bring back the Winter Loan at a lower interest rate of just 8%. Assisting you with all your Christmas needs to make the season as joyful as possible. The criteria of the loan product is as follows: 

12 months maximum term

Current member for at least 3 months

£100 - £2,000 loan value

8.0% interest rate

Exposure remains at £7,500 and exposure over this will require a credit check

No top-ups or loans within the last 3 months

No payment breaks within the last 12 months

No missed payments in the last 12 months

No active stipulations on their account

This will be available until the 31/1/24

Holiday Loan 

Whether you are planning to go on holiday, a staycation or a weekend break. Members can now borrow at an interest rate as low as 4%. 

Eligibility:

Have been a member for at least 3 months and saved consecutively via payroll or standing order.

Have not had any payment breaks or reduced payments within the last 12 months

Have not had a top-up or new loan within the last 6 months

Have not missed any payments or been more than 7 days lates with any loan repayments in the last 12 months

Have no active stipulation on your account

Criteria:

Loan amount: £1,000 - £5,000

Interest rate: 4.0% APR

Term: 24 months maximum

Loan top-up: Yes (not within 3 months)

Have not missed, or been more than 7 days late with, any loan payments in the last 12 months

Have received no other loans or top-ups within the last 6 months 

Have not had a payment break 

If the total loan amount exceeds £7,500 exposure (difference between loan and shares), a credit check will be carried out on your application

Click here to apply online now!