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


Unsecured Loans are for members who need to apply for more than their current savings. The minimum sum available is £500, but we realise that circumstances can change over time, so you can apply for additional borrowing while you still have a loan balance outstanding. More information is available below, while our handy calculator helps you work out repayments.

  • Easy repayments – by payroll deduction or direct debit
  • Competitive, fair – and affordable rates
  • Free loan protection scheme in event of bereavement
  • Your savings grow while you repay the loan
  • Awarded 5* by the Fairbanking Foundation

How much will my loan cost?

Product Features


  • Total borrowing up to £25,000, with payments spread over up to seven years
  • Continue to save while repaying the loan
  • Pay off your loan early without any penalty fee




  • To be eligible to apply for an Unsecured Loan, the balance in your Regular Savings Account must at least equal the cost of one monthly loan repayment of your total borrowing PLUS £5 (which is the minimum shareholding).
  • New members can apply for a first loan after just one monthly or four weekly payments to their savings account.
  • As long as you can afford the repayments for your total borrowing, you can apply for further borrowing three months after your last loan application.
  • Members must not be Bankrupt, entered into a Trust Deed, DAS, IVA or DRO, and must meet the eligibility criteria to repay the loan.

General Information


Unsecured Loans are for members who need to apply for more than their current savings.


While repaying such a loan you are required to maintain a sum at least equivalent to one month’s loan repayments PLUS £5 in your Regular Savings Account – AND continue saving a minimum of £10 per month. Applicants must be a UK resident and at least 18 years old.


Our handy online loan calculator tool gives lets you check rates out for yourself. Simply slide to the amount you intend to borrow, and how long you want the loan to run, and you can easily try out various repayment scenarios. This facility can also be used to check out credit union rates against other lenders. Remember to include any existing borrowing to find your total repayments.


To apply for an unsecured loan online, log in as a member and then just select the relevant link from the online application section. Alternatively, to find out more, call our offices now on 0141 445 0022.




We do not charge any administration fees for accessing our loans. We do not charge for re-paying your loan early.




Interest is fixed throughout the duration of your loan agreement. Interest is calculated daily and in arrears, then charged to your loan account monthly. Interest is calculated on a decreasing balance.


Our current unsecured loan rates are: 9.4% APR for amounts between £5001 and £25,000; 12.7% APR for loans between £2001 and £5000 – and 19.6%APR for sums up to £2000.


Repayment Information


Loan Repayments are taken from your Regular Savings Account on the 1st of each calendar month. Your first loan repayment will be deducted on the 1st of the month following the loan completion date. Loan repayments can’t be deferred, and repayment holidays are not permitted.


Loan Protection


Loan Protection is a free safeguard offered by the NHS Credit Union. Your loved ones can be secure in the knowledge that your NHS Credit Union debt (up to a maximum of £15,000) can be paid off, giving them peace of mind at a difficult and uncertain time.


Loan Protection is provided as a member benefit by the NHS Credit Union. It is free to every member, subject to the terms and conditions. However, it should be remembered that the terms of this free member benefit may change from time to time. The applicable rates / amounts covered are those prevalent at the date of death.


With effect from 1st June, 2015, the relevant protection scheme details for Unsecured Loans are:


Age when loan taken out – 18-79


Loan Term Limit – 7 Years


Limit of loan protected – £15,000


NB: Individual members do NOT have an insurance policy – they share in a free benefit offered by the credit union.

To apply for an Unsecured Loan online, log in HERE as a member and then just select the relevant link from the online application section. Alternatively, to find out more, call our offices now on 0141 445 0022.

Our loan products at a glance

The loan that could save you hundreds of pounds in interest charges.


Our revolving credit facility for members.


Borrow up to £1,500 to help pay for annual costs.


A loan secured against your savings.


To help you make the most of lockdown easing.


Borrow up to £5,000 to help fund further education.


Member of ABCUL

Authorised and Regulated by

Founder member of CFCFE

Your money is protected up to £85,000

Complies with the requirements of the Cyber Essentials Scheme

Member of GCofC

Member of SBRC

Healthy Culture Champion 2020