This loan:
- Is subject to Credit Referencing
- Is available to all members who have built-up savings over at least 3 months at around £30 a month to a minimum £90 current balance
- Is available to members in employment with Child Benefit loans
- Has a term of 12-36 months
- 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
