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Optimum Loan

An all-purpose loan for all members

Product information

Members with little in savings are not excluded from borrowing money and can apply for an Optimum Loan of up to £10,000.

Unlike the Multiplier Loan, you do not need to have much in your savings to be able to apply for an Optimum Loan or if you would like to borrow more than 4 x your membership savings, then the Optimum Loan can provide the answer.

  • Great competitive rate that reduces with larger loan amounts
  • Free loan protection insurance (terms and conditions apply)
  • Interest is charged on your outstanding loan amount so will reduce with your decreasing balance
  • Continue to build your savings and earn a dividend whilst you repay your loan
  • No set up charges, early settlement charges or hidden fees