Secured Loan
Borrow against your savings
Apply for a loan equal to your savings from 5.1% APR
- Borrow with strong savings
- Affordable, flexible repayments
- No hidden charges or fees
- Quick & easy application
- Fair interest rates
- Flexible repayments
- No hidden charges
- Easy application
Borrow without impacting your savings
Build up your savings and access credit with our lowest interest rate
Borrow without impacting your savings
Build up your savings and access credit with our lowest interest rate
This loan is for existing members with savings balances
How to apply
Mobile messaging app
All members can use our secure mobile messaging app to complete a loan application
You can complete the full form and all our ID checks all in one place. Don’t worry, all messaging on our app is encrypted, so your personal documents and data are all safe and sound
How to apply
There are now two ways to apply online
Mobile messaging app
All members can use our secure mobile messaging app to complete a loan application
You can complete the full form and all our ID checks all in one place. Don’t worry, all messaging on our app is encrypted, so your personal documents and data are all safe and sound
Why borrow with us?
We offer competitive interest rates
99% of our Google reviews are 5 stars
Repay with flexible repayments on terms that suit you
Get a decision on your Smart Loan application within 5 working days
Keep your mind at ease with no fees or charges. Any questions? Just ask
Save whilst you repay and enjoy your savings once your loan is repaid
Why borrow with us?
We are able to offer competitive interest rates. You’ll never be charged more than 3% monthly interest
99% of our 700+ Google reviews are 5 stars, something we are incredibly proud of. Our members show us lots of support and appreciation for the service we provide
Repay with flexible repayments on terms that suit you. We know everyone’s finances are different and there’s no one-size-fits-all approach, so we work with members to find the best possible way forward for your finances
Receive your Secured Loan the same day your application is processed. Speed matters and, with our experience, we are able to work quickly to get back to you with a decision and next steps
Keep your mind at ease with no fees, charges, or penalties. If you have any questions about your loan, repayments, or anything to do with your account, just send us a quick message on our secure messaging app
Don't want to borrow against your savings?
We offer a range of loan products specifically designed to meet the needs of our members.
Making your life greener? Want a new car? There’s a loan for everyone.
What to expect
You can apply for a loan right away! Simply get in contact through our mobile messaging app and we’ll be back in touch within 1 working hour.
Our members most often find repaying through a standing order to be easiest option. If you are employed by one of our payroll partners, your loan repayments can be taken directly from your wages through payroll deduction, so you’ll never have to see the money leave your account. If you’d prefer to call into the office, feel free to pay by cash.
Interest on all of our loans is calculated daily on the reducing balance of your loan. With every repayment you make, you clear the interest accrued since your previous repayment and your interest is then calculated for your next repayment on the reduced balance – the lower your balance, the less interest you pay.
After recieving a Secured Loan your savings balance will be held locked against your outstanding loan balance. We require you to keep the same level of savings in your account relevant to loan balance. For more information about locked savings read here.
