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Secured Loan

A loan secured against your savings

Product information

An alternative to taking your savings out of the credit union.

A Secured Loan allows members to borrow up to £25,000 at our lowest rate of interest 5.1% APR. An ideal alternative if you need some extra cash, but want to continue to build up your hard-earned savings at the same time. To qualify for a Secured Loan from the NHS Credit Union, the balance in your Regular Savings Account must be equal to or greater than the amount of the loan you will be applying for. You will not be able to apply if you have an outstanding unsecured loan with us, and you must secure the loan against your savings. You will only be able to withdraw sums in excess of your loan balance during the term of the loan.

  • Borrow up to £25,000
  • Enjoy our lowest rate of interest
  • Add to your savings while repaying the loan
  • No early repayment fee for setting the loan
  • Your family is protected by our loan protection policy