Premier Loan

Our Premier Loan is available to members who already have savings but prefer to keep their nest egg intact. It allows you to borrow up to the value of your savings and enjoy a substantially discounted interest rate. The rate of interest on repayments is 0.5% which equates to a simple rate of 3.3% per annum.

For example, if you have saved £5,000, you can borrow the same amount, say towards a new car. If the loan was taken out over five years the monthly repayments would be £96.66 (total interest £801.79).

 

Loan 
Amount		 Duration Monthly
Payments		 Total
Interest
£1,000 12 Months £86.07 £32.86
£5,000 24 Months £221.60 £318.86
£10,000 60 Months £193.33 £1,601.46

 

Examples given are for illustrative purposes only. A personalised quotation will be prepared for you on application.

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