All loans
Members with savings
Basic Loan
Our everyday loan for members building a savings habit.
Best for: A car, a course, a new boiler. Life's planned expenses.
Why members choose this loan
Borrow alongside the savings you already hold
Decisions made on the Island, by people from the Island
Interest calculated daily on the reducing balance
What to expect
Pay the loan off early whenever you like — there is no early-repayment charge.
- 01Apply online with your Member Number, or in person on Peel Road.
- 02We share a pre-contract credit disclosure with your monthly repayment, total cost of credit, and the representative APR.
- 03You confirm, and we pay the funds into your bank account.