Secured against savings loan

If you’re looking for a loan that’s less than or equal to your savings balance, you can secure your loan against your savings and borrow at our exclusive low rate of 5.9% APR. Your savings will continue to attract dividend payments and FREE Life Savings Insurance cover (restrictions apply).

Benefits of a secured against savings loan

  • Great low rate of 5.9% APR
  • Continue to build your savings and attract dividend whilst you repay your loan
  • Receive text updates on how your application is progressing, decision usually made within 24 hours
  • Exclusive to Glasgow Credit Union members
  • No credit check required for loans secured against savings (terms and conditions apply)
  • Free loan protection insurance and life savings insurance*

*In the event of your death, your loan will be paid off in full. Restrictions apply.

REPRESENTATIVE EXAMPLES

 

LOAN AMOUNT REPRESENTATIVE APR TERM MONTHLY REPAYMENT TOTAL PAYABLE
£1,000 5.9% 12 months £85.96 £1,031.42
£2,000 5.9% 24 months £88.42 £2,121.98
£5,000 5.9% 60 months £96.09 £5,764.97

CONTACT US

For more information, contact us on 0141 274 9933

IMPORTANT INFORMATION

  • Loans are exclusive to our members, who must save at least £10 per month together with their loan repayment.
  • The savings balance equal to the value of your loan is used as security and cannot be withdrawn.
  • All loans are subject to status and meeting our lending criteria.
  • Terms and conditions apply. View our loan rates