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Flexi Loan

If you are a member in permanent employment you might be able to apply for a Flexi Loan for a higher amount and at a lower rate of interest.

We offer Flexi Loans on amounts between £2,000 and £7,500 with the amount determined on how much you can afford to repay. If you have a good savings record with us, we might even be prepared to lend you in excess of £7,500. In exceptional circumstances, we could agree a loan up to £15,000. We might even consider price matching a loan quotation that you have received from another lender.

We will charge an interest rate of just 1% per month on Flexi Loans, which represents an annual percentage rate (APR) of only 12.7%, and your loan can be for any period between 1 and 3 years.

Your loan will be released once we have confirmation from you that your repayment method is set up. We would again be prepared to top-up your Flexi Loan when 50% of your existing loan has been repaid.

We will ask you to commit to saving a regular amount with us for the period that the loan is in existence and we will agree the amount of savings with you prior to your Flexi Loan being released.

Representative Example

1% per month 12.7% Representative APR

Loan Amount £2000
Loan Term 24 months
23 Monthly Payments of £94.36
1 Final Payment of £69.93
Total Interest Payable £240.21
Total Repayment Amount £2240.21

Figures are shown as a guide only and may differ slightly from an actual quotation. Terms and conditions apply.

On any loan made by us, you must be able to demonstrate that you have the ability to repay that loan.

Latest News

AGM Dates and Details

The 2017 Annual General Meeting is to be held on Monday 13th February 2017 at the Chetwynde Hotel, Abbey Road, Barrow in Furness at 6 pm. All members are more than welcome. Refreshments will be available throughout the event.

We all look...