Loans
Borrow from a neighbour, not a hedge fund.
Six loans, one principle: the more you save with us, the less you pay to borrow. Your monthly payment stays level — interest is charged only on what you still owe, so as you pay the loan down, more of each payment clears the balance.
Six ways to borrow
loan products
From £100 to savings-linked, terms up to five years. One of them fits.
Decided on the Island
Every loan assessed in Douglas, by people from the Island.
Repay your way
Weekly, fortnightly or monthly — matched to how you're paid.
Loan calculator
Try the numbers before you apply.
† Loyalty Saver and Premier are capped by your share balance — the slider shows an illustration.
Monthly repayment
£111.19
final payment £193.46
- Total paid back
- £4,085.11
- Cost of credit
- £1,085.11
- Rate
- 1.65% / month on the reducing balance
Indicative only. Interest is calculated daily on the reducing balance. The representative APR for each product is provided in your pre-contract credit disclosure. Loans are subject to status, affordability and our underwriting.
Apply for Save as you BorrowEvery loan, side by side
Calculator ↑LoanRateAmountTerm up toBest for
- Starter & Emergency LoanA small loan for new members or unexpected costs.
- Rate
- 3.00% / mo
- Amount
- £100–£500
- Term up to
- 1 yr
- Best for
- Members new to MCU or facing a one-off cost
- Family Loan & SavingFor families on State Benefits or pension, repaid straight from the benefit.
- Rate
- 3.00% / mo
- Amount
- £100–£500
- Term up to
- 1 yr
- Best for
- Recipients of State Benefits or Isle of Man State Pension
- Basic LoanOur everyday loan for members building a savings habit.
- Rate
- 2.00% / mo
- Amount
- £500–£5,000
- Term up to
- 5 yrs
- Best for
- Members with savings
- Save as you BorrowBuild savings while you clear the loan. One payment, two outcomes.
- Rate
- 1.65% / mo
- Amount
- £500–£5,000
- Term up to
- 5 yrs
- Best for
- All members
- Loyalty Saver LoanOur special rate for members regularly saving with us.
- Rate
- 1.00% / mo
- Amount
- Linked to shares
- Term up to
- 5 yrs
- Best for
- Members with prior savings
- Premier LoanOur lowest rate. Keep your savings invested, borrow against them.
- Rate
- 0.50% / mo
- Amount
- Linked to shares
- Term up to
- 3 yrs
- Best for
- Members borrowing up to their share balance