Competitive Loans from your Credit Union

Our loans are available for just about any purpose be it a new car, an exotic holiday, a lovely wedding, helping with Christmas expenses or for some new home improvements!

There are many benefits of borrowing from your NHS Employees Credit Union:

• Easy payments by payroll deduction or standing order
  
  
• Competitive, fair and affordable rates
  
  
• Interest is calculated on the reducing balance
  
  
• The rate you see is the rate you get (Same rate for all our members)
  
  
• Free life insurance (conditions apply)
  
  
• Optional accident, sickness and unemployment insurance
  
  

All loan applications are assessed on the following factors:

• Ability to repay
• Past savings & borrowing history with the credit union.
• Past credit history (other lenders)
• Purpose of loan
• FSA regulations regarding loan limits and repayment periods.

As a credit union pools together members’ savings to lend to other members, it is important that these checks are in place to make sure we are lending to members who can afford to pay their loan back.

Available Loan Products

Unsecured Loans
If you need to apply for more than your current saving balance.


Secured Loans
If you are reluctant to dip into your hard earned savings, you can have a loan secured on your savings.

Loan calculator    
This is a handy tool that gives you the opportunity to input loan amount, repayments and terms and allow you to check out various scenarios, if you wish, before phoning to make an application.  This facility can also be used to check out credit union rates against other lenders.