Loans

How much can I borrow?

This depends on your savings record at the time of application, the current loans policy, a copy of which is available from the cash desk, and your ability to repay any loan applied for.

What would the repayments be?

This is decided on an individual basis depending on the amount borrowed, the ability to repay and within current legal limits on maximum repayment periods.

Bulk payments

The origin of any large sums deposited may be required to comply with current money laundering regulations.

Loan interest

Interest is charged daily on the outstanding balance at a rate of 0.033% per day = 1% per month, an APR of 12.68%. There are no penalties for repaying back a loan early and early repayment of a loan in most instances will result in less interest being paid.

What can I borrow for?

Anything which will be of benefit for you. Incuding holidays, car repairs, houshold expenses, bill payments and christmas expenses.