Homeowners loan

Homeowners loans are for members who are homeowners wanting to borrow between £2,500 and £7,500.

This is for homeowners with a good credit record who are looking to borrow a larger amount.

Suitable for home improvements or that special holiday.

Interest rate vary with amount and loan amounts are between £2,500 and £7,500.

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

To be eligible to apply for a Homeowners Loan, we ask that members:

  • 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 installments by standing order (unless cash repayments on previous loans were made with no defaults)

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

If you are already a member CLICK HERE TO APPLY ONLINE

or CLICK HERE FOR A PAPER APPLICATION

If you are not a member CLICK HERE TO JOIN

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)

Homeowners Loan

£2500 £7500
12 month60 months
Your repayments are every month at
Total you will Pay:
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