Cheaper loans for our regular savers


It’s an ideal way of protecting your hard-earned savings, whilst borrowing money from us to finance a large purchase or necessary expense. If you have made regular savings with us over at least three months, you can apply to borrow up to five times the total amount of those savings.


Our interest rates for Loyalty Loans range from 0.5% per month (6.2% APR) to 2.5% per month (34.5% APR), depending on your level of savings and the amount of loan requested.

  •  Affordable loan
  •  Flexible repayment terms 
  •  Low interest rate, which depends on the amount you borrow
  •  No hidden cost 
  •  Personal service

How much will my loan cost?

Product features


  • For existing members only
  • Borrow up to 5 times your share balance, with a maximum of £10,000
  • The maximum loan term is 3 years for loans up to £5000, and 5 years for loans larger than £5000
  • The interest rate is between 0.5% to 2.5% per month, depending on the amount borrowed
  • The interest rate is fixed for the duration of the loan, so repayments are predictable
  • Choose to repay monthly, weekly, fortnightly or 4 weekly, whatever works best for you




The main requirement to apply for a Loyalty Loan is that you must have been saving regularly. Your savings will provide security for some of the loan.


In addition:

  • You must be at least 18 years old, and
  • You must have been a member for at least 3 months, and
  • You must have saved at least £100 as a member
  • However much you borrow, we will ask about your income and regular spending, so we can be sure the loan will be affordable
  • We will also check your credit history, as we do not lend to anyone who is an undischarged bankrupt, or entered into a trust deed, a Debt Arrangement Scheme (DAS), an Individual Voluntary Arrangement (IVA) or a Debt Relief Order (DRO).


Helpful tips


  • Use the loan calculator before you apply to see how much the repayments will be, so you can be confident you can afford this loan.
  • Plan your finances better and work out affordability, by building your own budget. We recommend the Money Course to help with this.
  • If you want to borrow more than 5 times your savings, you may qualify for a personal loan (though the interest rate is higher)
  • If you want to borrow less than you have saved, then you should apply for a secured loan, which has a lower interest rate.

General Information

While repaying a Loyalty Loan, you are required to maintain a sum at least equivalent to one-fifth of your outstanding loan amount in your savings account.
Applicants must be a UK resident and at least 18 years old.

To apply for a Loyalty Loan online, log in as a member and then just select the relevant link on the online application section. Alternatively, to find out more, call our offices now on 01793 522216.



We do not charge any administration fees for accessing our loans. We do not charge for re-paying your loan early.



Interest is fixed throughout the duration of your Loyalty Loan agreement. Interest rates are between 0.5% and 2.5% per month (6.17% to 34.5% APR)


Repayment Information

The easiest way to make loan repayments is by setting up a regular plan from your online banking website. We can also help you set up a Standing Order or Direct Debit, if you would prefer that, or you can make regular cash repayments through one of our collection points.


Withdrawing funds

When a loyalty loan is granted, the money in your savings account at that point will be secured against the loan.

Our products

Our loan products at a glance

Personal Loan

The loan you want - when you need it

Loyalty Loan

Up to 5 times your pot of savings

Secured Loan

A loan secured against your savings

Family Loan

Loan for parents against Child Benefit

Member of ABCUL

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Your money is protected up to £85,000

Accredited by FairLife