Homeowner loan
Loans of £5000 or more for people who own their own home. Such homeowners also need to have a good credit history.
Interest on Homeowner loans will normally be charged at 0.7% per month (APR 8.4%). However, interest rates may vary dependent on individual homeowners’ circumstances and, if you have a better offer, ask us if we can better it!
If you are not already a member of St Albans Community Bank, you will be required to join before the loan is issued. Join Today
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.
We do not charge fees for arranging loans and loans can be repaid early at any time without penalty.
If you wish to apply, you will need the following information to hand:
Name
Date of Birth
Address
Number of years/months at that address
National Insurance Number
Personal email address
Telephone Number
Interest on Homeowner loans will normally be charged at 0.7% per month (APR 8.4%).
How much do I want to borrow?
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.
Apply for a Homeowner Loan Online
Loans of £5000 or more for people who own their own home.
Which type of loan is best for me?
We offer different types of loans, dependent on your circumstances. There are loans for homeowners, loans for members who have been saving with us and loans for those who are neither of those.
Become a Member
You will become part-owner of your local community bank – St Albans Community Bank! You will join more than a million people who are members of the credit union movement in Great Britain.
