The Armed Forces Terminal Grant Lending Scheme (AFTGLS) allows us to lend you up to 50% of your Armed Forces lump sum early. It is a current account which enables you to have a large overdraft facility. How does it work? You will have two current accounts with us - one for your day to day banking and the other for your overdraft facility as part of the lending scheme (AFTGLS). We will review the scheme every three years up until you leave the Armed Forces. When you leave and receive your lump sum, we will then transfer the required amount to pay the scheme off. The lending scheme can't be used for a house purchase or a deposit. Available to Holt's current account customers who are Serving Officers at their pensionable age or Senior NCO’s who have completed 16 years reckonable service on the 75 Pension Scheme or have 22 years total service. Subject to lending criteria.

Holts Military Banking has provided retail and business banking tailored to the needs of the Armed Forces community since 1877, offering preferential rates on savings, loans, mortgages and insurance.