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.

Member Loan

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

Loans of up to £2,500 are available for established members. Interest is charged at 2% a month, 26.82% APR, repayable over a term of between two and three years.

Loyalty Loan

You qualify if you are a long-time member who has built up substantial savings. Loans of up to £9,000 are available depending on your share balance. Interest is charged at 1.5% a month, 19.56% APR, with a maximum repayment term of four years.

Affinity Loan

For Wherry Dragon savers with between £5,000 and £10,000 in shares can borrow up to £15,000. 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

• 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

Its quick and easy to apply

Please also check your junk mail for our response.

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