You can apply for a Savings-based loan of up to £15,000 in £100 increments starting at £500.
Maximum term 36 months.
To qualify for this loan:
- Your income needs to be at least £500 per month
- You have saved with the Credit Union for three months
- For your first loan you need to have saved half of what you want to borrow, e.g. if you want to apply for £800 you need £400 in savings
Note: You can not withdraw the savings used to secure the loan until you owe less than what is saved.