This loan:
- Does not require a savings history with us
- Is not available with any other loan
- Is subject to Credit Referencing, including for top-up loans
- Is available to all members
- Has a term of 12-24 months
- Cannot be topped-up during the loan term
- Will require a transfer equivalent to one month’s repayment into the member’s Share (savings) account before funds are disbursed
- 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
