Saver Loan

Saver Loans are available for members who have built up savings in their Credit Union account.

To qualify for a Saver loan you must have a third of what you want to borrow in your savings with us. If you have only a small amount of savings with us you may be entitled to a Standard Loan. Saver Loans are available from £500 to £7,500, and interest ranges between 1.5% and 2% per month on the reducing balance, dependant on the amount you are borrowing (19.6%APR to 26.8%APR). One third of the amount you borrow will be held in an Attached Share account, this is held as security against the loan.