Personal Loan

No savings, no problem!
Save as you borrow

For all members

Borrow up to £10,000
(no savings required)

Maximum loan term – 6 years

Interest rates
Loans <£1,999 – 23.3% p.a. (23.3% APR)
Loans £2,000 – £4,999 – 20% p.a. (21.9% APR)
Loans £5,000 – £10,000 – 18.3% p.a. (19.9% APR)

No savings with Voyager Alliance? No problem! Borrow up to £10,000 with our flexible Personal loan at competitive interest rates, and save as you borrow, you’ll have a lump sum when you’ve repaid your loan.

Our Personal Loan is available to all members with a Membership Account. New members must have made at least 1 regular payment through payroll deduction, or 1 months direct debit payments, before any loan can be considered.

Members can apply for a Personal Loan for almost any purpose. So, if you’re planning home improvements, upgrading the car or have a special occasion to celebrate, talk to us, and we may be able to help!

Personal Loan at a glance
  • Borrow up to £10,000, subject to affordability
  • Competitive interest rates, that reduce for larger loans, and are cheaper than most credit cards
  • Save as you borrow, so you’ll have a lump sum when you’ve repaid your loan
  • Easy to apply, with options for everyone – apply online, apply on our Nivo App on your mobile, or complete a paper form if preferred, although this takes a bit longer!
  • Apply to Top Up when repaid 20% of your first Personal loan, and 10% for future top ups

Please Note: If applying to Top Up, please apply for the amount you are topping up by, when completing the application. If approved, this amount will be the extra amount you receive.

Benefits of a Personal Loan
  • No application fees or hidden charges
  • No penalties for early repayments, so repay early & you’ll save interest
  • Affordable loan repayments through payroll deduction, or alternatively by direct debit
  • Apply to Top Up when repaid 20% of your first Personal loan, and 10% for future top ups
  • Convenient weekly, 2-weekly, 4-weekly or monthly repayment, tailored to suit your budget
  • Save as you borrow, so you’ll have a lump sum when you’ve repaid your loan
  • Savings continue to attract dividend payments* whilst repaying your loan

*Dividends are not guaranteed. The rate payable is dependent on financial performance and voted on by members at the Annual General Meeting.

Things you should know
  • You must save a minimum of £2/week or £10/month as you borrow, so you’ll have a lump sum saved when you’ve repaid your loan. This minimum saving amount will be held in your ‘Membership Account’ and cannot be withdrawn until your loan is cleared.
  • After repaying 20% of their first Personal loan, members can apply to top up the loan. Further Top Ups after repaying 10%.
  • Members may only hold 1 Voyager Alliance loan at any time
  • The Personal loan is not available to members who are bankrupt or have an Individual Voluntary Arrangement (IVA) that shows on their credit report.
  • Other terms and conditions may apply.
How do I Know Which Loan To Apply For?
  1. View our loans page, for more information.
  2. No savings with Voyager Alliance? No problem! Borrow up to £10,000 with our Personal loan at competitive interest rates from 19.9% APR, that’s cheaper than most credit cards.
  3. Savings with Voyager Alliance? Then take advantage of our Advantage loan which rewards saving. Borrow up to 5 times your Voyager Alliance savings balance at extremely competitive rates from just 5.9% APR, or enjoy our lowest ever rate of just 2.9% APR, with our Savings Secured loan.
  4. Looking to manage your debts and reduce monthly outgoings? Tidy up your finances by consolidating outstanding borrowing into 1 manageable repayment with our Swap & Save loan.
  5. Use our handy online loan calculator to see what repayments suit your budget. It’s a good idea to make a note of the loan name, amount, and repayment term before starting the online application form.
  6. If you already have a loan with us, you can apply to Top Up once you’ve repaid 10% of the original loan value or 20% of your first Personal loan.
  7. When a loan requires a level of savings we usually only take into account savings built up in your Voyager Alliance accounts. However, we will consider lump sums paid into your Voyager Alliance account from other sources, if you are able to provide evidence that the lump sum has come from other savings.

Loan Calculator

Use our loan calculator to see how much you could borrow and how much you would pay back.

Loan FAQs

For help and guidance on applying for a Voyager Alliance loan and everything you need to know to guide you through the application process.

Representative Examples

Weekly repayments

Borrowing £1,000 over 52 weeks will cost £21.60 a week. The total amount repayable is £1,123.25 which includes interest at 25.9% APR.

Monthly repayments

Borrowing £5,500 over 48 months will cost £162.43 a month. The total amount repayable is £7,796.45 which includes interest at 19.9% APR.

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