Budget Loan

Budget Loan

Our revolving credit facility for members.

Product information

Our Budget Loan Account is a revolving credit facility that offers members flexibility to access funds when they need them – along with the certainty of fixed monthly repayments

The account operates similar to an overdraft, or credit card. You can withdraw up to a fixed limit – and then as you make your monthly repayments, more money becomes available to withdraw. Budget Loans are available for £500, £1,000, £1,500 or £2,000, with the relevant monthly repayments being £30, £55, £80 or £100.

  • Flexibility to use the loan when you need it
  • Access more funds as you repay the original loan
  • Fixed monthly payments
  • Build up your savings
  • Easy online application