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!