Regular Savers Loan

Regular Savers Loans are for members who have previously has a Starter Loan which they have successfully repaid while saving at least an additional 10% of the loan repayment into their shares in addition to their loan repayment. As with Starter Loans, approval is based on affordability, payment history and the results of a credit check, although a poor credit score will not necessarily result in a refusal.

Depending on your past loan history, you can borrow up to £1,000 for between 4 and 10 months. Interest rates are 2.5% per month flat (34.49% APR) , a saving of 0.5% per month when compared to our Starter Loan.

Just so you can get some idea of the amount you can borrow and how much it will cost in terms of monthly repayments and interest costs, we have included a calculator below. Pull the sliders around to see an illustration of what the loan could cost you, but bear in mind that there are minimum payment constraints which may apply.

£100 £1,000
4 months10 months
Your repayments are every month at APR
Total interest is
Total you will Pay:

Loan Details

Let’s take a good look at the Regular Savers Loan in more detail to see whether you’re eligible and whether it meets your needs. The full Terms and Conditions are shown below, but here’s a brief run-down.

  • Regular Savers Loans are for existing members who have had one or more Starter Loans which they have repaid successfully. At the same time, they have paid at least an additional 10% of their loan repayment into their shares in addition to their loan repayment without making too many withdrawals.
  • For the first loan, you can borrow between £100 and £750, for the second any subsequent loans, £100 to £1,000.
  • The period you can borrow over is between 4 and 10 months.
  • You can top up to a maximum of your initial loan amount ONCE provided you have repaid at least half of it and you’ve been making your payments on time with no arrears.
  • We will carry out an affordability check based on the information you provide us to help prevent you getting into financial difficulties.
  • We will carry out a Credit Check, although a poor credit score will not necessarily mean you won’t be granted a loan.
  • We will take into account your previous payment history.
  • When filling in the form, it’s important you are truthful. Any discrepancies found will necessarily affect whether you will be granted a loan.

We can pay your loan advance by Faster Payments Transfer (our preferred method), or Cash (we need at least 3 days notice for cash payments over £1,000). In exceptional circumstances, we can pay it by cheque for paying into your personal bank account or by cheque for cashing at a Post Office (a charge will apply for this service).

To apply for or top up a Regular Savers Loan, click the button below, print the form and fill it in as fully as possible. Alternatively, forms are available at any of our Service Points where you can also ask for help in filling in the forms.


  • Open to existing members who’ve had loans in the past which they’ve repaid successfully
  • Highly competitive interest rate, lower even than our Starter Loan
  • Must be over 18 years old
  • No arrangement fee
  • No penalty for early settlement
  • Overpayments welcome
  • Weekly, fortnightly, 4-weekly or monthly repayments
  • Covered by Life Insurance, subject to Terms and Conditions
  • We will normally process loan applications within 5 working days (allow 10 working days in run-up to Christmas), however larger loans may take longer.
Terms and Conditions