Savings Secured Loan

Earn a dividend on your loan

Product information

You can now borrow a Savings Secured Loan at our best rate of 5% APR.

Available to all members with a membership account. You can protect your savings whilst still taking out money with our Savings Secured Loan. Simply choose an amount you wish to take out on loan from the available balance held in your Membership Account. Secure this amount in your Membership Savings until your loan is cleared. As you repay the loan you will also continue to build up your membership savings, meaning you will have a greater savings balance once the loan is cleared. This is very handy if you have no immediate plans to withdraw all of your savings.

  • Fantastic rate of 5% APR
  • Guaranteed loan that can be issued on the same day**
  • Free loan protection insurance (terms and conditions apply)
  • Interest is charged on your outstanding loan amount so will reduce with your decreasing balance
  • Continue to build your savings and earn a dividend whilst you repay your loan
  • No set up charges, early settlement charges or hidden fees