These loans are not based on the amount of your savings but on your ability to repay.
Key Features
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The interest rate for an Unsecured loan is 12% (12.68% APR)
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You will need to provide evidence of your income and bank statements for the 3 month period prior to the date of your application.
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Applications for unsecured loans are considered by the loan committee who meet on a Wednesday afternoon
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Loans that are over £5000 above the members share balance are decided by the board which meet on the first Wednesday of the Month