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Tel: 0845 634 9901 Fax: 0131 225 9909
What Is A FlexiLoan?
The FlexiLoan is back after popular demand from our members! This is an extremely popular product that allows members saving via payroll or direct debit to withdraw from a pre-agreed loan limit without having to constantly top-up their loan.
Basically, a FlexiLoan is a variable loan, which operates like a credit card, whereby members have a limit up to which they can borrow but can choose to withdraw as much or as little of this amount as they wish (subject to a minimum amount of £1001 and minimum withdrawal at any time £50).
Take a look below to see how a FlexiLoan could benefit you:
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How long do I have to be a member before I can apply? |
The Second You Become A Member! |
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How much can I apply to borrow? |
From £1001 to £5,000 - However You Only Pay Interest On What You Use! |
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What's the borrowing rate on a FlexiLoan? |
£1001 - £5000 - 13.8% APR These rates are reviewed annually and are variable. |
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Repayment Period? |
Up to 60 Months (5 Years) |
What Would You Be Repaying?
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APPLY FOR A FLEXILOAN BY DOWNLOADING THE FORM IN THE MEMBERS AREA
Your FlexiLoan Benefits:
- 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!
- You're only charged for the amount you draw down as you repay, so you can re-use!
Breakdown of Minimum Requirements:
- You must be a member over 18 years of age
- Be a resident of the UK
- Live or work within the Edinburgh, Lothian or Borders area
- Saving via payroll or Direct Debit
Unsure about whether you can afford the repayments?
