How long does the loan application process take?

We now strive to implement a 48 hour decision on loan applications, where the differential between your share and loan balance is no greater than £2,000. Any other standard loan applications, Special Requests and new PBAs are considered by your Credit Committee every Tuesday morning and if approved can be paid out within the week. If you have applied for another type of loan such as a Christmas loan, we try to deal with these quickly for members. If you apply for a Pay Booster we strive to have a 24 hour decision for you (weekends and public holidays exceptions). It will take two working days for the funds to arrive in your nominated bank account.