Savings-based loan

You can apply for a Savings-based loan of up to £15,000 in £100 increments starting at £500.

Maximum term 36 months.

To qualify for this loan:

  • Your income needs to be at least £500 per month
  • You have saved with the Credit Union for three months
  • For your first loan you need to have saved half of what you want to borrow, e.g. if you want to apply for £800 you need £400 in savings

Note: You can not withdraw the savings used to secure the loan until you owe less than what is saved.

Savings-based loan

How much do you want to borrow?
How long do you want to repay?
*Your repayments are every month at
Total you will pay:
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* THIS IS A REPRESENTATIVE RATE FOR QUOTATION PURPOSES. WE WILL BE ABLE TO OFFER YOU AN ACTUAL RATE ONCE WE HAVE UNDERTAKEN A CREDIT CHECK. WHILST EVERY CARE HAS BEEN MADE IN THE PRODUCTION OF THIS WEB PAGE, THE CREDIT UNION, OR ANY OF ITS STAFF, CANNOT BE HELD RESPONSIBLE FOR ANY OMISSIONS, ERRORS OR OTHER MISTAKES MADE. THIS WEB PAGE IS FOR ILLUSTRATIVE PURPOSES ONLY, SO AS TO GIVE YOU, THE BORROWER, AN OVERVIEW OF THE POTENTIAL COST OF BORROWING.