Family Loans

Benefits of a family loan

Members who have saved regularly with us for at least three months can borrow three times their savings for an initial loan and five times for a subsequent loan. Other members may also qualify for this loan if they can show that they are able to meet certain financial criteria.

The Community Bank understands the pressures on disposable income in the current economic environment and undertakes stringent affordability checks before granting a loan (details here)

Interest on a saver loan will normally be charged at 1% per month (APR 12.7%)

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Interest on a saver loan will normally be charged at 1% per month (APR 12.7%)

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Keep up to date with our latest news, resources and financial wellbeing

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April 8th 2025
St Albans Community Bank Supports The Campaign To End Illegal Money Lending
St Albans Community Bank supports the efforts to catch illegal money lenders and eliminate this vile practice.
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April 1st 2025
Abbreviated Accounts for 2024
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April 1st 2025
Chair’s Report to 2024 AGM
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October 24th 2024
Beware the Money Monsters
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Financial Services Compensation Scheme (FSCS)

You can sleep easy at night knowing your money is safe and protected under the financial services compensation scheme.

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