You can transfer shares to pay off some or all of your loan balance – however, unless you pay off the whole loan, you will need to keep 25% of your current loan balance as shares. You can also transfer shares to another member. In either case, just print and complete the included form. You can then post it to our Freepost address or deliver it to one of our service points.
Remember, the amount that you can borrow is partly based on your share balance, so by transferring shares and reducing your balance, you will reduce the amount that you could apply to borrow.