For a savings secured loan

Mana Fara
Mana Fara
22/03/2022
Verified
They are so helpful and very polite and I’m so satisfied with them 😃
sinead duffy
sinead duffy
22/03/2022
Verified
Very helpful, polite and professional Aimee really made me feel comfortable and answered all my questions I am very happy with the service I received☺️
Neil Martin
Neil Martin
18/03/2022
Verified
Great service from SMCU and Harry in particular: really felt treated like a person rather than just a number on a computer screen. It feels like the sort of service you used to get in banks years ago. 10/10 would recommend and look forward to dealing with them again.
ERROL TUCKER
ERROL TUCKER
18/03/2022
Verified
Very satisfied with the service i received an would recommend to my friends an family 😊
claire east
claire east
14/03/2022
Verified
SMC are amazing and have helped me out so many times. They really care about their customers and I always know that they are there when times are hard. SMC are always so easy to deal with, they are fab communicators and really make you feel like your valued. Thank you for all your help over the last 6 years 🙂
Sepiso Akafekwa
Sepiso Akafekwa
08/03/2022
Verified
Needed a car loan.They were thorough with their assessments and quick and efficient. Happy with service and they processed everything ahead of the guided timeliness.
Fidelma Clerkin
Fidelma Clerkin
08/03/2022
Verified
Amazing staff!!! Nothing is to much for them they r so helpful all the time.
Neil Highley
Neil Highley
04/03/2022
Verified
A very efficient service. Staff professional and friendly. I would certainly recommend South Manchester Credit Union

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…

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.