Why choose a Savings Secured Loan - 3% APR (t&c apply)
The Savings Secured loan may be of interest to you if you have savings with us that you do not wish to withdraw. This loan allows you to borrow against the savings you hold within the Credit Union and offers a lower loan rate. You can keep your savings intact and earn your dividend, whilst borrowing the funds you need.
Members looking to apply for the savings secured loan must have a minimum of £5000 in their savings. The full loan is secured at all times by your share balance.
You can borrow any amount from £5,000 to £12,500 for any period up to five years.
Check our loan calculator to see your potential repayments – Click here
To apply, please give the office a call and we’ll run through the loan application with you or download our Nivo app
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