Borrow up £100-£15,000 against your savings at a lower interest rate
If you have savings with us, you could use the amount of savings that is equal to the amount you want to borrow as ‘security’ – which will mean paying a lower interest rate on your loan –much cheaper than many lenders can offer for loans less than £7,500.
Representative APR is from 6.99% to 12.68% dependent on amount borrowed: check out our loan calculator to see how much you will repay on the amount you want to [hyperlink].
- Same day decision (subject to daily cut off times)
- Once approved, money in your account same day (subject to daily cut off times)
- No early repayment charges
- No admin charges or set up fees
- Opportunity to build up savings as you pay off your loan
- Pay off over a period of up to 5 years
How to apply
EXISTING CREDIT UNION MEMBER?
NON-MEMBERS
Savers Secure Loans are only available to existing members who have built up savings with our Credit Union
Apply for a loan
NOT A SCU MEMBER? Apply here
ALREADY A SCU MEMBER? Apply here
*Our Loan calculator is for illustrative purposes only.
Representative exampleSee how we compare
Salford Savings secure loan
£1500 loan repaid over 24 months at 12.68% APR.
Repay £70.60 every month. Total interest £194.29
YOU PAY A TOTAL OF £1694.29
Nat West Bank
£1500 loan repaid over 24 months at 24.9% APR.
Repay £78.14 every month. Total interest £375.35
YOU PAY A TOTAL OF £1875.36
Terms of Lending
All approved loans are subject to Terms & Conditions. Current terms of lending can be found here
