Our rates

Plane Saver offers variable interest rates from as little as 0.55% to 2% interest per month. This is equivalent to an APR of 6.9% - 26.8%.

Dependent on the risk of the loan members are categorized into the following Platinum, Gold, Silver and Bronze criteria;

The overall risk and therefore interest rate charged takes into account a members personal circumstances and ability to repay.

Comparing Loan Rates? 

Be sure to check the total interest repaid when comparing loans as oppose to just the APR. All interest on Plane Saver loans is calculated on the reducing balance, which means that the actual rate paid is considerably lower than the APR stated.

For example if you borrow £1,000 at our representative interest rate of 12.7% APR over a 12 month period, the total interest repaid is £66.18. The actual rate charged is therefore just over 6.6%.

Introductory Loans All new members can apply for a loan of up to £5,000 after only one month of saving in the regular saver (representative APR 26.8%).

Example: Borrow £5,000 over 60 months and repay only £143.84 per month

Flexi Loans Apply for a loan of up to a maximum £1,000 and all you need to provide is a proof of address (representative APR 12.7%).

Example: Borrow £1,000 over 12 months and repay only £92.45 per month

Share Collateral Loans Borrow against the value of savings held in your account and benefit from a competitive APR (representative APR 6.9%).

Example: Borrow £1,000 over 12 months and repay only £86.49 per month

To receive an instant quote please contact our office on 020 8607 5020.

Already a member and looking to apply for a loan? 

Apply online today within the members area of the website or alternatively contact our office on 020 8607 5020