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 Loans
 After being a saver for six months, you can apply for a loan giving you up to 6 times your savings, up to £10,000.
A loan can be repaid over between one and five years.
You must carry on saving at least £10 a month
as well as the repayments on the loan, and a dividend may be added each year.
Optional Protection Insurance maybe arranged at the time the loan is taken out.
Maximum interest on the loan is 1% per month on a reducing balance this is equivalent to an APR of 12.68%.
The interest rate is fixed for the loan period, it never goes up.
Your loan is never affected by the national bank rate, the rate could be even lower than 1%.
All members loans payed off on their death, at no cost to member.
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