Loans
You can apply for a loan up to £7,000. A loan can be repaid over between one and five years.
You must save at least 10% of the monthly loan repayment as well as the repayments on the loan, and a dividend may be added to those savings each year.
Interest rates on loans start from 1% per month (APR 12.68%) with a maximum of 2% per month (APR 26.80%), depending on our credit profile. The interest rate is fixed for the loan period, it never goes up. Your loan is never affected by changes to the Bank of England base rate.
Interest rates are competitive, especially compared with most credit cards, payday loans and doorstep lenders. There are no hidden costs, no penalties for early repayment and no up front fees.
So when they go back into admin in two years, some fans will still have three years left to pay