For a secured loan

For a savings secured loan

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EXCELLENT Based on 519 reviews.
Anita Kaur
Anita Kaur
13/05/2022
Verified
Friendly and helpful service. They have the clients best interests at the forefront to ensure no unnecessary financial pressure is put on the client. Highly recommended.
Paulette Jones
Paulette Jones
12/05/2022
Verified
South Manchester Credit Union are great, every interaction with them is so friendly and the customer service great. Wether it be a general enquiry or loan application your always greeted and treated like a person and not just a number. They are very fair and don’t judge you from your past credit mistakes. Highly recommended
Leah McKnight
Leah McKnight
10/05/2022
Verified
Excellent service, very fast at getting back to you with any enquires! Very friendly& reliable, would recommend to family and friends.
Michelle
Michelle
09/05/2022
Verified
I’ve been with SMCU for a very long time they are extremely helpful the staff are lovely and I would 1000% recommend that you join.
Kayleigh Leonard
Kayleigh Leonard
06/05/2022
Verified
Excellent Service, Amiee was very informative and helpful. I would definitely recommend
S Hall
S Hall
06/05/2022
Verified
Friendly efficient customer care. Aimee was very kind and thorough. Would definitely recommend SMCU for both loans and saving. Thank you for your excellent service
Sandra Bouzidi
Sandra Bouzidi
06/05/2022
Verified
An excellent service at discretion! A super fast way with the right guidance and offer made available to me in only 2 days. I highly recommend this service. The South Manchester Credit Union have lifted a ton off my chest.
anthony cowen
anthony cowen
05/05/2022
Verified
The team have always been a great help , this occasion in particular Harry went above and beyond and really worked so hard to help me , can’t thank you enough.
Karen Anderson
Karen Anderson
29/04/2022
Verified
Very friendly and professional staff.young man coudnt help me enough going beyond, thank for a wonderful service
Lorraine Crawford
Lorraine Crawford
29/04/2022
Verified
I’ve just become a new member, i was treated professionally, staff was lovlely, and I’m very 😊

Keep your savings with a Secured Loan

We understand that it takes time and dedication to build your hard earned savings and you may be reluctant to spend them. 

The Secured Loan is here for those who want to access a loan and know their savings will be there once that loan is paid off. 

It has our lowest annual interest of 9% (APR 9.4%) on the reducing balance.

You can apply for between £150 and £15,000.

You pledge an equal amount of savings to the amount that you want to borrow – it’s that simple.

This is how it works...

Apply

You can apply what you have in your savings. The best way to do it is through Nivo – start your application now…

APPLY FOR YOUR LOAN

Repayments are simple

We want to make your loan repayments as easy as possible.

Most of our members decide to repay their loan with a standing order. This gives the flexibility of paying weekly, fortnightly or monthly. 

We're good to go

Once our assessment is complete and if your loan is approved – we’ll send over the terms of the loan that we are offering to you.

If you are happy to accept, then go ahead and sign. 

We have an agreement. 

Topping up your loan

If you need a financial boost and you’re looking to re-finance your loan – you can.

The amount that you’re applying for needs to be more the £150 and it will need to be no more than the difference between your Secured Loan balance and the amount that that you have in your savings.

Keep a smile on your face

With our Secured Loan, there’s no need to dip into your savings. It gives you the best of both worlds with a low interest rate and your savings safely tucked away with the credit union.

It offers a cost-effective way to access funds and leaving your savings available for future needs – the Secured Loan will help keep a smile on your face.

APPLY FOR YOUR LOAN