All loans
Members borrowing up to their share balance
Premier Loan
Our lowest rate. Keep your savings invested, borrow against them.
Best for: When dividends on your savings outpace the cost of borrowing.
Why members choose this loan
Borrow up to 100% of the shares you hold
Keep accruing the annual dividend on your savings
Among the cheapest credit on the Island
What to expect
Interest is charged each month on the balance remaining, so as you pay the loan down, the interest you pay each month falls too. You can always pay off early at no extra cost.
- 01Apply online with your Member Number, or in person on Peel Road.
- 02We share a pre-contract credit disclosure with your monthly repayment, total cost of credit, and the representative APR.
- 03You confirm, and we pay the funds into your bank account.