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Loyalty Saver Loan

Loyalty Saver Loan

If you have savings with Lewisham Plus that you don’t want to withdraw, and want to borrow an amount less than your savings and up to £10,000, we offer a Loyalty Saver Loan at the reduced interest rate of 0.5% per month, 6.2% APR.

LOYALTY SAVER LOAN (Representative example)

Loan

Term

Monthly

repayment

Cost of

credit

Total

repaid

Interest

(APR)

£5,000 36 mths £152.11 £476 £5,476  6.2%

Apply on-line. download a Loan Application Form or pick up a loan application form from one of our branches. When you apply for a loan in person, you will need to provide proof of your income, ID, and current address . You will also need to bring proof of ID and address again when collecting the loan. If necessary, we may also ask for bank statements, evidence of debts or other information to inform our loan decision. Before your loan is issued we will ask you to provide evidence that you have made arrangements for regular electronic loan repayments

 

 

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Lewisham Plus Credit Union Limited is a member of the Financial Services Compensation Scheme (FSCS), complies with the Data Protection Act 1998 and is Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Firm reference number 213588. Credit Union Registration Number 295C (IP00295C at Companies House).

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