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Personal Loan FAQs


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Do I have to be a bank member to take out a loan?
Although you don't have to be a member to apply for a loan, you must become a member if the loan is approved. Learn more about becoming a member.

How much can I borrow?
The minimum amount you can borrow is $500 with an unsecured loan or $3,000 with a secured loan. You may wish to consider a credit card for smaller amounts. The maximum amount you can borrow is $15,000 with an unsecured loan or $50,000 with a secured loan or dependent on security offered. In all circumstances our personal loans are limited by your ability to meet your repayments. Wish to calculate how much you could borrow? Use our Loan Calculator.

How do I make repayments on the loan?
You can arrange to make your loan repayments either by payroll deduction, direct debit from your savings or transaction account, Internet or telephone banking transfer, at any of our branches or by a direct debit from another financial institution

How often will I receive information on my account?
Statements are produced six monthly or more frequently on request. Duplicate statements can be requested at anytime from our office.
Account Balances and Statements are also available through our Internet and telephone banking services.

What security is required to take out a Personal Loan?
The security required will depend upon your individual circumstances. Examples of the type of security we may require are a mortgage over property and a Bill of Sale over an asset such as a motor vehicle. A fee is payable where this is required.

Decided which loan is right for you?
Apply using our simple online Personal Loan application form.

Want to know more?