Homeowner Loans

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

logo

Interest on Homeowner loans will normally be charged at 0.7% per month (APR 8.4%).

Card Image
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.

Card Image
Apply for a Homeowner Loan Online

Loans of £5000 or more for people who own their own home.

Card Image
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.

Card Image
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.

The areas we can help with Saving & Loans

Some of the areas that qualify for this loan if members can show that they are able to meet financial criteria.

North Hertfordshire
Stevenage
East Hertfordshire
Harpenden
St Albans
Broxbourne
Welwyn Garden City
Hatfield
Watford
Three Rivers
Hemel Hempstead
Berkhampsted
Chorley Wood

map
map

“We wanted a new kitchen and, because we were homeowners, we were able to borrow the money from the community bank with really affordable repayments”

img
Our Hub

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

img
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.
READ MORE
img
April 1st 2025
Abbreviated Accounts for 2024
READ MORE
img
April 1st 2025
Chair’s Report to 2024 AGM
READ MORE
img
October 24th 2024
Beware the Money Monsters
READ MORE

Financial Services Compensation Scheme (FSCS)

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

LEARN MORE
FSCS Logo Top Right Image Bottom Left Image
FSCS Logo Top Right Image Bottom Left Image
LEARN MORE