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Our First Step Loan is available to all New Members looking to join and borrow, without the need to build a savings history with us.



  • Open to All Members

  • No minimum savings balance required

  • Maximum Loan of up to £1,000 

  • In Employment of 6+ months

  • 34.5% APR


In order for your Loan application to be considered, you must have an active membership with us. If you aren't already a member, you will be able to register for membership whilst applying.

The easiest way to apply for a First Step Loan is to APPLY ONLINE.

As part of the loan review process all applicants will be required to provide a minimum of 2 months’ bank statements for all currently active Bank Accounts (including savings accounts). The statements must be in a PDF format and can be sent either via email to:, Open Banking or uploaded to the Nivo app. You may be asked to provide further documentation should it be required.

IMPORTANT** If you have an existing loan product, which is up to date on repayments (not in default), you may be eligible to apply for an alternative loan product to better suit your needs.

Our expert team is dedicated to providing personalised guidance, ensuring that you understand all of your options and choose the one that best suits your situation. (Subject to our lending criteria, as well as eligibility and affordability checks.)

All rates and information is correct as of 1st June 2024

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