Personal Loans

We are always pleased to consider applications for personal loans from our members, and have a number of types of loan in place to suit different situations.

Currently we can offer:

Type of loan	Amount of loan	Interest rate	Terms and condition
Premium Loans	Up to £10,000	1% per month (APR 12.68%)	If you are saving with us through your employer or have been saving with us for three years or more.(For a lists of employers currently operating a payroll deduction scheme please click here)
Loyalty Loan	Up to £7,500	1.2% per month (APR 15.39%)	If you are in employment and have been saving with us for one year or own your own home.
Saver Loan	Up to £6,000	1.4% per month (APR 23.87%) to 1.8% per month (APR 23.87%)	If you have regular income from employment or pension, but do not qualify for a loyalty loan.
Handyloan	Up to £750	2% per month (APR 26.82%)	If you have regular income other than from salary or pension.

For information on how to apply for a loan, click here.

The following terms and conditions apply:

Interest on your loan is charged on the reducing balance. There are no charges whatsoever other than interest, and no fees for early repayment. All loans are insured. For details of the insurance please click here.
Unless you are saving with us through your employer, your loan will not be made until you have made at least one savings contribution to us by direct debit.
Unless there is a payroll deduction arrangement in place, loan repayments must be made by direct debit and the loan will only be paid into the bank account from which the direct debit is drawn.
You will need to save at least £20 a month with us, and this will not be released during the term of the loan until the amount saved exceeds the amount borrowed, when the surplus can be withdrawn.
Whilst a poor credit record does not mean we will not lend, it may affect the amount agreed, or the interest charged. We will always undertake a credit search, and we share data with a reputable credit reference agency.