For a savings secured loan

Maxine Gough
Maxine Gough
22/04/2021
Verified
Quick seamless service. Quick to respond and support you through out the process especially as a new member… u feel like u have a clearer financial pathway. They genuinely listen and want to help you through the process. The use of the digital app to send and sign documents, upload, correspond with customers and update them is a welcome development. If u get stuck at any point just message them on the platform… someone will help u conclude the process
Bradley Lloyd
Bradley Lloyd
16/04/2021
Verified
Quick and easy application great customer service very helpful and guidance through the whole process
Jade Pennington
Jade Pennington
14/04/2021
Verified
Excellent service – used both the saver loan service and open savings. Easy to keep up to date with savings and also in with a chance to win money. Have now got enough money for a new car! Will defo be back next month saving x
nigel robertson
nigel robertson
09/04/2021
Verified
Been with credit union for a very long time. They are so understanding. And its a great place to save .
catalin berariu
catalin berariu
09/04/2021
Verified
Amazing services, I would definitely recommend.

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.