Unify Credit Union

Saver Loan Banner Image - A woman placing a coin into a piggy bank

Exclusive deals for existing members 

These loans are only available to existing members of Unify Credit Union who are already saving regularly with Unify Credit Union for at least 3 months.  

If you do not have a savings account with Unify please visit our Loan page to see if we have an alternative product that suits your needs.


How much can I borrow?

This is based on your savings history and current savings balance.

Members who have been saving regularly can borrow up to 3 times the amount they have in their savings. If this is your first saver loan, your maximum repayment term is 1 year. There is no minimum payment term, so you can repay this loan as quickly as you like. 

Interest is charged at a rate of 2.5% per month (34.5%APR)

All applicants should have built regular savings for 10 out of the last 13 weeks, 6 consecutive fortnights or 3 consecutive months.

Typical Loan Example:

Loan Amount


Repayment Amount

£23.09 per week

Loan Length

50 weeks

Interest (on the reducing loan balance)

34.50% APR

Total Interest


Total Repaid


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


How can I access a Saver Loan?

Get in touch with your local branch by phone 01942 245656, or log into your online account

You will need your membership number, name, address, date of birth, amount you would like to borrow and the reasons why. 


I am currently on a Starter Loan, can I get a Saver Loan too?

If you are currently on a Starter Loan you may either be new to the credit union or only have a small amount of savings. In general once you have been accessing Starter Loans for around 2 years you will have built up enough savings to access a Saver Loan.

When you come to top-up your loan, our Credit Committee will automatically assess whether you have built enough savings to be eligible for the Saver Loan and move you onto this type of product if you are.


Why does the APR seem higher than others I have looked at?

It's always useful to have an idea of how much you will repay in total when taking out a loan. Although the APR may appear higher than quoted by other lenders, our interest is charged on the reducing balance, so you end up paying less.

Please note that we don’t charge any early repayment fees or loan settlement charges, so if want to pay more than your minimum repayment amount this means you will finish your loan sooner and pay less interest

Talk to us first and you may find that it is a much better option than going elsewhere.



Image on stacked coinsWhat 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 elligible to get a Loyalty Loan. At Unify we believe in reawrding 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). Your 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:


Loan Amount


Repayment Amount

£35.55 per week

Loan Length

100 weeks

Interest (on the reducing loan balance)

19.60% APR

Total Interest


Total Repaid



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


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 you 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!




IMPORTANT - if you are in a debt management plan, subject of a Debt Relief Order,  IVA or bankruptcy or not currently up to date with household bills we are unlikely to be able to provide you with a loan.  

Debt advice can be obtained, free of charge, from STEPCHANGEDEBT ADVICE FOUNDATION or your local CITIZENS ADVICE.  

Free and impartial money advice can be obtained from The Money Advice Service


Only our members have access to these great Starter Loan rates. Become a member today!



If you want to save for a rainy day or a holiday, a Unify account is quick and easy.


If you need a loan with Unify Credit Union, click here to find out more.

Payroll Deduction

Find out more about how to easily pay into your account with us