Interest rate 2.86% (2.9% APR)
Sometimes you need money, but don’t want to dip into your savings.
With our Savings Secured Loan, your loan is secured against your Retail CU savings, protecting them whilst enabling you to still borrow money at a new lower interest rate of just 2.9% APR, our lowest ever rate. And remember… your savings continue to earn an annual dividend* (making the rate even better than most high street lenders!), and you benefit from our free Bereavement Fund too.
So, if you’re looking to borrow money at a great rate secured against your savings, our new Savings Secured loan is for you!
*The loan will be issued on the date stated at the top of your Loan Agreement and is not transferred on the date of your application. Members must first complete their loan agreement, which states all terms and conditions of the loan, and return this to Retail CU before any loan will be released.
Loan Calculator
Use our loan calculator to see how much you could borrow and how much you would pay back.
Loan FAQs
For help and guidance on applying for a Retail CU loan and everything you need to know to guide you through the application process.
Borrowing £2,000 over 104 weeks will cost £20 a week. Total amount repayable is £2,079.76 which includes interest at 4% APR.
Borrowing £5,000 over 36 months will cost £147.40 a month. Total amount repayable is £5,306.31 which includes interest at 4% APR.