Make your dreams a reality with a Homeowner Loan at just 6.2% APR

Our lowest loan rate, for members who are homeowners without CCJs, DMPs or IVAs. If you own your home or have a mortgage you can apply for any amount from £6,000 up to £25,000, repayable over 7 years.

Interest is just 0.5% each month (APR 6.2%) on the reducing balance of your loan. You can use the handy calculator below to see an example of the total interest cost.

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.