New Start Loan
Our New start Loan launched in June 2024, and was created to provide a borrowing solution for any member who has not borrowed from NHS Credit Union before.Â
Borrow a fixed amount of £500, with a fixed APR of 12.7% this can be repaid over 12, 24 or 36 months.
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
- Any member who has not borrowed from NHS Credit Union before can apply.
- 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.
- This must be your first loan since joining 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.
Money Health @
NHS Credit Union
Welcome to Money Health @ NHS Credit Union, the podcast that’s all about equipping our members with the tools to achieve financial resilience and thrive! Join us for uplifting conversations, actionable advice, and inspiring stories, as we encourage you to take control of your money and build a brighter future.
Introducing our New Start Loan!
Our New Start Loan is ideal for anyone who has joined the NHS or NHS credit union in the last 12 months. This could be new NHS staff, students working bank shifts, or students in their final year who have their starting letter.