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Tel: 0845 634 9901 Fax: 0131 225 9909
What is a Loyalty Advance Loan?
A Loyalty Advance is a special Member Loan and is applicable when a member wishes to borrow an amount that is equal to, or less than their savings balance.
This is a FAST TRACK loan and is usually dealt with on the day that it is received.
By borrowing, rather than withdrawing from your savings, you can maximise the level of dividend that you will get and have the assurance that you have a lump sum of cash that will keep growing during your loan repayment cycle. Loyalty Advances are always charged at our lowest interest rate at any time and if required can be paid over longer periods i.e. up to a maximum of 15 years.
LOWEST rate of 4.1% APR on new LOYALTY ADVANCES!
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Who can apply? |
Anyone saving by Payroll Deduction or Direct Debit |
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What is the minimum amount I need to have in my savings? |
At least £250 in your Share Account |
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How much can I apply to borrow? |
Any amount equal to or less than your Share Balance |
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What's the borrowing rate on a Loyalty Advance? |
4.1% APR |
APPLY FOR A LOYALTY ADVANCE LOAN
Your Loyalty Advance Loan Benefits:
- Our Lowest Rate of Interest (4.1%)!
- Free Life Insurance
- No Early Repayment Charges
- Speedy Loan Decision
- Loan Funds Credited to Your Bank Account Via BACS
- Repayments Made Easy Via Your Savings Preference!
Breakdown of Minimum Requirements:
- You must be over 18 years of age
- Be a resident of the UK
- Live or work within the Edinburgh, Lothian or Borders area
Unsure about whether you can afford the repayments?
