This loan is for members who are homeowners, meet the criteria below and are looking to borrow between £2,500 and £7,500.

To be eligible to apply for an Advantage Loan, we ask that you:

  • have sufficient disposable income
  • have a minimum household income of at least £18,000 mainly from employment or pension
  • have been employed for at least 3 years (for those in employment)
  • have owned your current home for at least 3 years
  • Have no adverse credit findings for at least 3 years
  • Be up-to-date with any existing or previous loans
  • Repay instalments by standing order (unless cash repayments on previous loans were made with no defaults)

The interest rates are:

£2,500-£4,999: interest rate is 1%/month which equals 12.68% a year (APR)

£5,000 – £7,500: interest rate is 0.65%/month which equals 8% a year (APR)


Use this loan calculator to get an estimate of how much interest you may pay (for illustration purposes only)

Advantage Loan Calculator
£0Please select your preferred repayment frequency

Please select the interest rate (details at top of page)
Repayment term in years
Each estimated repayment:
Total estimated amount due:
Total estimated interest: