Loyalty Loan

What is a Loyalty Loan?

Once a member has been on a Saver Loan for 2 consecutive years and continued to grow their savings whilst repaying their loan regularly a member will be eligible to get a Loyalty Loan. At Unify we believe in rewarding our long-standing and loyal members. The Loyalty Loan has one of our lowest interest rates of just 1.5% per month.

How much can I borrow?

Members can have a loan balance up to 4 times their Share 1 savings amount (to a maximum of £7500 above their savings amount). For example, if you have saved up £900 in your savings, you may have a maximum loan balance of £3600.
The maximum loan term is 36 months (3 Years). You may top-up your loan every 3-6 months, this term is decided by a loan officer at each new loan application. You will be expected to save a minimum of £2 a week and meet your regular loan repayments.

Typical Loan Example:

 Please note: Irregular large deposits into the savings account will not be taken into consideration when making a loan application.

        Apply for a Loyalty Loan

 IMPORTANT INFORMATION If your application is successful, your loan will be paid into the bank account details shown on the REVIEW page before you submit your application.

Please check carefully, and if you wish your loan to be paid into a different bank account, you MUST contact your local branch to amend these.

How do I move onto the Loyalty Loan?

You don't need to ask us to move you onto the Loyalty Loan as each time you apply for a Loan we will automatically assess if you can move over to a lower interest rate product. If your loan is approved we will let you know what product you are moving to and what your repayments are! That is why... You're Better Off With Us!

 Please note that all loans are subject to our general conditions, as set out in our Loan Policy.