When can I borrow?

If you don’t currently have a loan, you can apply to borrow from us at any time; remember that your shares are your borrowing power. If you have an existing loan balance, then we ask that you wait until your shares and loan balance are roughly within 10% of each other (almost equal) and any loan obtained will be added on to the existing balance as a “top-up loan”.

If you are a new member, you can apply for an introductory loan once your first payment has been deducted from your wage.