These loans are not based on the amount of your savings but on your ability to repay.

Key Features

  • The interest rate for an Unsecured loan is 12% (12.68% APR)

  • You will need to provide evidence of your income and bank statements for the 3 month period prior to the date of your application.

  • Applications for unsecured loans are considered by the loan committee who meet on a Wednesday afternoon

  • Loans that are over £5000 above the members share balance are decided by the board which meet on the first Wednesday of the Month