Haven’t built up any savings with us yet? - no problem

You can apply for an Introductory Loan of up to £10,000, repayable over 5 years, as soon as you've opened an account.

With an APR of just 26.8% an Introductory Loan is perfect for borrowing smaller amounts, without the need to have any savings built up with us.

We aim to help our members access affordable credit where we can, so even if you have a less than perfect credit history you can apply. We'll look at your finances to make sure that any repayments are affordable for you.

As with all our loans there are no set up fees, and if you decide to repay your loan early there are no hidden penalties and no extra interest charges. You'll be told upfront what the total cost of credit will be.

At Commsave, members’ savings are pooled to provide the funds to pay out loans. You'll be asked to continue saving whilst repaying a loan.

This ensures your savings continue to grow, and helps you develop a regular savings habit, giving you the comfort of knowing you have some savings to fall back on for life's little emergencies.

Any savings exceeding one third of your outstanding loan balance are available to withdraw.

Loans are allocated at the discretion of the loans officers and are subject to terms and conditions set out in our loans policy.

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