Applying for a Personal Loan
Borrow from £150 to £25,000
Our unsecured loans are tailored to what you can afford and the amount you can borrow is based on your savings balance.
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 a minimum of £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. Interest is charged at 3% a month, 42.57% APR repayable over a maximum term of two years.
Member Plus Loan
You qualify if you are an established member who has built up savings with us. 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.
Our leading loans are available for Wherry Dragon savers with over £5,000 in savings. Interest is charged at 1% a month, 12.68% APR over a maximum term of five years.
For members with savings over £10,000 in shares can borrow up to £25,000 at a rate of 0.6% per month, 7.42% APR.
• Free Loan Protection
• Free Life Savings
• Fixed interest rates
• Repayments by payroll deduction or standing order
• No hidden charges
• 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