Saver Loan

  • For existing members with savings who are requesting a loan up to £1,200.
  • Interest is 2% per month ( 26.8% APR).
  • Maximum loan term is two years.
  • First and Second Saver Loans up to £500 ( in addition to outstanding balance of previous loan) with a minimum of  £100 in savings.
  • Further loans up to £1200 ( including the oustanding balance of previous loan) may be available to members based on 3 x savings  and  on income, affordability and repayment history.
  • Illustration for a loan of £500 over 36 weeks: You pay £15.11 per week and total  interest paid is £43.83

Applications can be made online,  at 187 Fog Lane ,through our community branches, or by post.

Applications may include a short face-to-face interview.

The repayment example above is for illustration only.  Full loan repayment tables are available.

Click here to download Saver Loan Application form.