As a token of our appreciation, we have introduced a key worker loan for key workers including NHS, Council, Emergency and School staff.
Key Workers Loans of £1,000 are repayable over up to 60 months at just 1% per month interest (12.68% APR). Loans are subject to affordability and credit checks.
New members joining and saving through payroll deduction can get up to £2,000 unless they are a homeowner in which case, they can borrow £3,000.
New key worker members joining and saving through a standing order, will be restricted to loans of £1,000.
Key Worker Loans may be added to existing loans providing affordability checks are satisfied. Any combined loan will attract the new loan rate of 1% (12.68% APR).