Savings Secured Loan

Savings Secured Loan

If you are looking to borrow less than your Member Savings Account balance, why not consider securing your loan against your savings?

Our Savings Secured loan allow you to benefit from lower interest rates with no need for a credit check.

You can borrow up to the maximum value of your savings between £100 and £25,000 as long as you leave the minimum £1 in your savings.

Your savings will continue to be eligible for Dividend and you'll make affordable monthly loan repayments until your loan is fully repaid.

You can only secure a loan against Member Savings. ISA accounts money saved in pots are not eligible to be used as security for this loan product.

Secure your loan against savings

Borrow between £100 and £25,000 with fixed monthly repayments over a choice of terms up to 7 years with the balance secured against your Member Savings Account..

Please enter an amount

Results

Loan amount

£7500

APR

Loan term Monthly repayment Total repayment
Join now

Loans are only available to qualifying members aged 18 and over and you must save at least £10 a month in addition to your loan repayment. All loans are subject to you meeting our lending criteria and other terms and conditions apply.

Loading results

A better way to borrow

5 reasons to choose us for your consolidation loan:

-1- We send the funds directly to your existing lender(s)

-2- Grow your savings alongside your loan repayments

-3- Clear interest rates guaranteed not to change

-4- No early repayment fees

-5- Free loan protection. In the event of your death, your loan will be paid off in full. Restrictions apply.

 

 JOIN NOW

  • Flexible loan amounts

    Apply to borrow between £3,000 and £25,000. Eligibility criteria applies.

  • Competitive interest rates

    We offer transparent and competitive market rates, which won’t increase after application.

  • Fixed repayment structure

    Choose your loan repayments over 1 to 7 years

  • No early repayment fees

    If you wish to pay off your loan early, you won’t be charged early repayment fees.

How to apply

Become a member

- Complete our online application to join.

- Create your Login details.

- Receive our Welcome Letter to your home address; this will include your unique member number and Activation Code.

Apply for a loan

- Download our mobile app and Login details.

- Input the Activation Code from our Welcome Letter to verify your account.

- Apply for your loan.

Receive your Decision

- You will receive a decision by email, usually within 1 working day.

- If approved, we’ll email you the loan agreement to review and digitally sign.

- We'll then send the funds directly to your nominated bank account same day.

Current Slide: 1 / 1

Frequently asked questions