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

  • Instant decision
  • Great low rate of 5.9% APR
  • No credit check required (terms and conditions apply)
  • No setup charges, early settlement charges or hidden fees
  • Continue to build your savings and attract dividend whilst you repay your loan
  • Free loan protection insurance and life savings insurance*

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

Secured again savings loans can only be applied for over the phone. Contact us on 0141 274 9933

IMPORTANT INFORMATION

  • Loans are exclusive to our members aged 18+, 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  • The savings balance equal to the value of your loan is used as security and cannot be withdrawn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 all loan rates.

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