To apply for a standard loan, you will need to have saved regularly for a minimum of 10 weeks. Your first loan can be up to a maximum of £1,000 but to qualify for this amount you need to have saved a minimum of £500. Following this you can apply for a standard loan of twice the amount held in your shares.
All loan applications will be considered on an individual basis and are assessed on your ability to repay the loan. You will need to provide up to date proof of your income with your loan application. Standard loans are charged interest at 1% per month on a reducing balance (12.68% APR).