Applying for a Personal Loan
Borrow from £150 to £15,000
Our unsecured loans are tailored to what you can afford.
You can apply for a loan when you have been a member for three months (13 weeks) and regularly saved a minimum of £10 per month.
You must continue to save £10 a month on top of your loan repayment.
You can apply if you are a member who has saved regularly for at least three months, or if you are looking to top up an existing Wherry Dragon loan. Interest is charged at 3% a month, 42.57% APR repayable over a maximum term of two years.
Member Plus Loan
Loan of up to £2500 available for established members. Interest is charged at 2% a month, 26.82% APR, repayable over a term of between two and three years.
You qualify if you are a long-time member who has built up substantial savings. Interest is charged at 1.5% a month, 19.56% APR, with a maximum repayment term of four years.
For Wherry Dragon savers with between £5,000 and £10,000 in shares. Interest is charged at 1% a month, 12.68% APR over a maximum term of five years.
• Free Loan Protection
• Free Life Savings
• Fixed interest rates
• Repayments by payroll deduction or standing order
• No hidden charges
• No penalty for paying off your loan early
• Your savings grow as you repay the loan
• Lending decisions are based on affordability
• All loans will be processed within 21 days
• You can top up an existing loan