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New Start Loan

Our New start Loan launched on the 3rd June 2024,  and is created to help those who have either joined the NHS as an employee in the last 12month, or joined NHS Credit Union in the last 12 months. New Start Loan is also available to students in their final year of study.

Borrow a fixed amount of £500, with a fixed APR of 12.7% this can be repaid over 12, 24 or 36 months.

Member Login & ApplyJoin NHS Credit Union
Eligibility
  • Borrow the fixed sum of £500
  • Borrow with a fixed rate of 12.7% APR
  • New Start Loans can be used for almost any purpose
  • No loan arrangement or early settlement fee
  • Eligible for students working bank shifts
  • Eligible for students in their final year who have a starting letter
  • Members must not be Bankrupt, entered into a Trust Deed, DAS, IVA or DRO, and must meet the eligibility criteria to repay the loan.

View Loan Documentation

New Start Loan Podcast

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.
  • This must be your first loan since joining
Member Login & ApplyJoin NHS Credit Union
Loan Protection

As a member of the credit union your borrowing is protected by our Loan Protection and Life Savings insurances.
Life Insurance Benefits: In the event of the death of a life insured while this policy is in force, life insurance benefits up to the insured loan balance are payable.
Life Insurance Benefits: In the event of the death of a life insured while this policy is in force life insurance benefits up to the insured balance are payable.
Find out more here

Need Help? Contact the NHS Credit Union team today

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