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.

How much will my loan cost?

Product Features


  • Total borrowing up to £25,000, with payments spread over up to 7 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, you must have at least £5 in your Regular Savings Account (which is the minimum shareholding).
  • New members who have not made their first contribution must deposit at least £10 before any loan application can be completed.
  • 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.

Key Facts


  • You must be a member of the NHS Credit Union.
  • You must be over 18 years old.
  • Free Life Insurance cover for your Personal Loan up to the age of 79. The Loan Protection cover allows us to make a claim upon your death or permanent disability and clear your outstanding loan balance. T&C’s apply.
  • We do not charge a Loan arrangement fee or an early settlement fee.
  • The minimum Unsecured Loan available is £500 and the maximum is £25,000.
  • Unsecured Loan terms are between 6 and 84 months.
  • For more key facts click HERE.

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 keep at least £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.


New members who have not made their first contribution must deposit at least £10 before any loan application can be completed.


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.




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 as a member HERE and then just select the relevant link on the online application section.


Alternatively, to speak to a member engagement officer, call us on 0141 445 0022 and select option 1.

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 £2,500 to help pay for annual costs.


A loan secured against your savings.


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


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