Advantage Loan

• Borrow between £1,000 – £25,000, up to 5 times your Voyager Alliance savings
• Advantageous interest rates, that reduce for larger loans
• 20% of the outstanding loan value must be kept in a Membership Account and cannot be withdrawn
• Save as you borrow, so you’ll continue to grow your savings whilst repaying your loan
• Maximum loan term 7 years
• Affordable repayments tailored to suit your budget
• Easy to apply, with options for everyone – apply on our App, apply online, or complete a paper form if preferred, although this takes a bit longer!
• Apply for a top-up when you have repaid 20% of your Personal loan.
• If a previous application has been reduced/declined then you must wait 6 months before you can re-apply for further borrowing.

Please Note: If applying to Top Up, please apply for the amount you are topping up by, when completing the application. If approved, this amount will be the extra amount you receive.

• No application fees or hidden charges
• No penalties for early repayments, so repay early & you’ll save interest
• Affordable loan repayments through payroll deduction, or alternatively by direct debit
• Apply to Top Up when repaid 20% of the original loan value
• Convenient weekly, 2-weekly, 4-weekly or monthly repayment, tailored to suit your budget
• Save as you borrow, so you’ll continue to grow your savings whilst repaying your loan
• Savings continue to attract dividend payments* whilst repaying your loan

*Dividends are not guaranteed. The rate payable is dependent on financial performance and voted on by members at the Annual General Meeting.

• 20% of the original loan value must be kept in a Membership Account and cannot be withdrawn until your loan is cleared.
• You must also save a minimum of £2/week or £10/month as you borrow, so you’ll continue to grow your savings whilst repaying your loan. This minimum saving amount will be added to your ‘Locked Savings Account’ and cannot be withdrawn until your loan is cleared.
• Apply to Top Up when repaid 20% of the original loan value
• Members may only hold 1 Voyager Alliance loan at any time
• The Advantage loan is not available to members who are bankrupt or have an Individual Voluntary Arrangement (IVA) that shows on their credit report.
• When a loan requires a level of savings, we usually only take into account savings built up in your Voyager Alliance accounts. However, we will consider lump sums paid into your Voyager Alliance account from other sources, if you are able to provide evidence that the lump sum has come from other savings
• Other terms and conditions may apply.