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%)