Borrow up £100-£10,000 against your savings at a lower interest rate
If you have savings with us, you could use the amount of savings that is equal to the amount you want to borrow as ‘security’ – which will mean paying a lower interest rate on your loan –much cheaper than many lenders can offer for loans less than £7500.
Representative APR is from 7.7% to 12.68% dependent on amount borrowed: check out our loan calculator to see how much you will repay on the amount you want to [hyperlink].
- Same day decision (subject to daily cut off times)
- Once approved, money in your account same day (subject to daily cut off times)
- No early repayment charges
- No admin charges or set up fees
- Opportunity to build up savings as you pay off your loan
- Pay off over a period of up to 5 years
How to apply
EXISTING CREDIT UNION MEMBER?
Savers Secure Loans are only available to existing members who have built up savings with our Credit Union
Representative exampleSee how we compare
£1500 loan repaid over 24 months at 12.68% APR.
Repay £70.60 every month. Total interest £194.29
YOU PAY A TOTAL OF £1694.29
£1500 loan repaid over 24 months at 20.6% APR.
Repay £75.55 every month. Total interest £313.20
YOU PAY A TOTAL OF £1813.20
All approved loans are subject to Terms & Conditions. Current terms of lending can be found here