Saver Loan

This loan:

  • Is subject to Credit Referencing
  • Is available to all members who have built-up savings over at least 3 months at around £50 a month to a minimum £150 current balance
  • Has a term of 24-60 months
  • Starts at 2% per month (26.8% APR) and drops to 1.75% (23.1% APR) for loan amounts over £4000
  • Can be topped-up by a minimum £250 every 3 months
  • Will require a minimum savings commitment of £10 per month
  • Will require proof that a Standing Order for repayments has been established before funds are disbursed
  • Locks-in your savings balance while it is lower than the loan value outstanding

Swan Community Bank is a trading name of Swan Credit Union which is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority.

Swan Credit Union Ltd. Our registered address is Foundation House, The Square, Wolverton, Milton Keynes MK12 5HX. (Company no. 417717).