Savings Secured Loan
- Borrow from £500 to £15,000 using your savings as security
- Benefit from an interest rate of 5.85%
- No credit check required.
Please note: while your loan is active, the savings used as security can’t be withdrawn and won’t earn a dividend.
Easy loan process
Quick decisions
Flexible repayment options
No fees of any kind
Interest calculated on the reducing balance
See what your loan could look like
Apply for a loan today with interest rates that suit you!
Maximum Loan Term :
5.85%
5.85%
5.85%
This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors. Please note that this calculator only provides an indicative quote and actual repayments may vary.
Representative example*
Fair pricing from your local credit union
Loan amount
£5,000
Interest rate - APR
5.85%
Loan term
3 years
Total interest
£452
Monthly repayment
£151
Total cost of credit
£5,452
How do I apply?
To take advantage of this offer you will need
For existing members
In order to apply for any of our Loans you will need to supply us with:
- Details of your income and expenditure
- Permission for us to have access to “Open Banking” so that we can view your recent banking history
- Your payslips (if applicable)
Not a Member?
If you’re not already a member, just get in touch about becoming a member and we’ll take it from there.
*Warning: The example above is provided for illustrative purposes only. This is a variable rate product and the interest rate can rise, which could increase the cost of your repayments. Loans are subject to approval. Terms & Conditions apply. If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit in the future.
