Loyalty Saver Loan

With this loan you are able to borrow double the amount you have saved at half the interest rate of our Basic Loan.  This will be attractive to members who have already built up some savings or who placed a lump sum in their savings account when they joined.

Under our rules you can borrow up to £5,000 plus the value of your savings.  So if you have saved £5,000, for example, you can borrow £10,000, perhaps towards a new car. A loan taken out for this amount over five years would require monthly repayments of £195 including interest (total interest £1,684).  Interest is calculated at a simple annual rate of 3.4%.

Loan 
Amount
Duration Monthly
Payments
Total
Interest
£1,000 12 Months £86.25 £34.37
£2,500 36 Months £76.40 £250.20
£10,000 60 Months £194.73 £1,683.52

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

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