25/05/2023
What is our loan policy?
A SECURED LOAN- This is a loan which is equal to the value of the members shares (savings). This type of loan will be granted immediately.
UNSECURED LOAN - This is a loan greater than the members share value.
FIRST LOAN - This loan is limited to £2000.00 and is subject to conditions.
FURTHER LOANS- Once the first loan is fully paid off, the member can apply for up to 4 times their shares (savings). This is generally limited to £5000.00. This loan is also subject to conditions.
TOP UP LOANS- This loan is the applications for an addition to the value of an existing loan, effectively "topping up" a members loan before it is paid off fully.
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Do I qualify for a loan?
YOU MUST
- Be a member.
- Be 18 years or over.
- Have saved with us for a minimum of 12 consecutive weeks/3 consecutive months/ 6 consecutive fortnights/ 3 consecutive four weekly payments.
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FOR MORE INFORMATION
Give us a call - 01236 604500
Come down to our office - sunnyside road, coatbridge main street.
See us on google maps - https://goo.gl/maps/nwWPv6PhQGUoe1US9