Benefits of a saver 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%).
Interest on a saver loan will normally be charged at 1% per month (APR 12%)
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 Saver Loan Online
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.
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.
