If you’re looking for a loan that’s equal to (or less than) your savings balance, you can secure your loan against your savings and borrow at our exclusive lowest ever rate of 3.9% APR. Your savings will continue to attract dividend payments and free Life Savings Insurance cover (restrictions apply).
Benefits of a Secured Against Savings Loan
No credit check required
Great low rate of 3.9% APR
No setup charges, early settlement charges or hidden fees
Continue to build your savings whilst you repay your loan
Please check first that you are eligible to apply:
You are aged 18 or over
You have a UK bank account in your own or joint names
You are a permanent UK resident
You have never been bankrupt or had a Court Decree
To complete your application you will need:
Your current employer's address details
Details of monthly income and outgoings
Bank or building society details (sort code and account number)
To enable us to make a decision on your loan application we will contact Credit Referencing & Fraud Prevention Agencies. This will register a search against your credit record and if your application is successful we will share the information we hold for you with these agencies. Further details are available in our Privacy Notice
It is important that you read the Privacy Notice document above. If there is anything that you do not understand, please contact us.
Please be aware that the longer you take to pay back a loan, the more you will pay back in interest. If you go for a shorter term your monthly repayment might go up, but you'll save in interest and pay back your loan faster.