Two Types of Loan We Offer to our New Members

First of all, please note: To be able to apply for any type of loan from us, you will need to be a member. If you want to join us, please contact us for details.

We have two types of loan available for our new members: Family Loan and Saver Loan.

Family Loan

If you receive child benefit, you can apply for a loan up to £500 under our Family Loan Scheme. The amount you can borrow will depend on assessments by one of our loan officers.

Saver Loan

If you don’t receive any child benefit, you can apply for a Saver Loan. However, this loan may not be available if you have recently joined us. You will need to have saved with us for at least 8 weeks before you can be considered for this type of loan. After that, you may be able to borrow three times your savings depending on our assessments.