Standard Loans

Interest on a standard loan will normally be charged at 3% per month for loans under £1000(APR 36%) or >2% per month for loans £1000+(APR 24%) but in some cases (e.g. people with a good credit history and/or people with a regular income, etc.) the rate can be 1% per month (APR 12%).

If you wish to apply, you will need the following information ready

Name

Date of Birth

Address

Number of years/months at that address

National Insurance Number

Personal email address

Personal telephone number

If you wish to apply, you will need the following information ready

Name

Date of Birth

Address

Number of years/months at that address

National Insurance Number

Personal email address

Personal telephone number

Standard loan

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).

If you are not already a member of St Albans Community Bank, you will be required to join before a loan can be issued. Join Today

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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.

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Apply for a Standard Loan Online

For those who can show that they are able to meet the repayments, but who do not meet the criteria for a saver loan.

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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.

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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.

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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

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“We wanted to get a flat together. We could afford the rent but the deposit was just too much all in one go. We spoke to St Albans Community Bank and got a loan that we could afford”

Our Hub

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

December 1st 2025

Engage Card – Important Information

It's been announced that the Engage Card is being closed down. Please be aware of what this means for members who have an Engage Card. Engage pre-paid cards have been available to Credit Union members in the UK but will no longer be available. More details can be found at https://engageaccount.com/ If you have an Engage Card account, this will soon be transferring to another Pre-Paid Debit Card provider. You may have already seen a communication from Engage about their acquisition by SuitsMe. Engage will contact you with specific details on the timeline of the account closure. ...

November 6th 2025

The rising tide of illegal money lending

October 14th 2025

International Credit Union Day 16th October 2025

April 8th 2025

St Albans Community Bank Supports The Campaign To End Illegal Money Lending

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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St Albans Community Bank is the trading name of The St. Albans District Credit Union which is authorised by the Prudential Regulation Authority and regulated by the Financial Regulation Authority and the Prudential Regulation Authority, FRN 213794. Registered in England & Wales company number IP00662C.

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Standard Loans

Standard loan

How much do I want to borrow?

Apply for a Standard Loan Online

Which type of loan is best for me?

Become a Member

“We wanted to get a flat together. We could afford the rent but the deposit was just too much all in one go. We spoke to St Albans Community Bank and got a loan that we could afford”

Financial Services Compensation Scheme (FSCS)

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