- Starts at 2% per month (26.8% APR) and drops to 1.75% (23.1% APR) for loan amounts over £4000 (max £5000)
- Are available to all members in employment or retired with a sufficient pension who have built-up savings over at least 3 months at around £50 a month to a minimum £150 current balance. PLEASE NOTE that regular savings made through other loans do not contribute to the minimum savings goals required for saver loans.
- Have a term of 24-60 months
- Can be applied for a top up by a minimum £250 every 3 months
- A Regular Savings Commitment of a minimum £10.00 per month will be required alongside the loan payment.
- Will require proof that a Standing Order for repayments has been established before funds are disbursed.
How to Apply
Go to the members website if you are ready a member at Account Login or use the Mobile App, otherwise login and join the Community Bank here
