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Personal Loan

Personal Loans are (unsecured), for members who want to apply for more than their current credit union savings.

Minimum application £500.

Use our handy loan calculator shown to adjust loan and repayment amounts to understand what impact this has on the repayment terms. If you’re interested in borrowing you simply speak to our team directly on Nivo. 

Members Login & ApplyJoin NHS Credit Union
NHS Credit Union - Personal Loan Calculator
Select the amount you want to borrow
Select how much you want to repay each month
Based on your selections this loan term would be over
* This is an indicative cost and term based on an APR of 5.1%, for confirmed loan amounts and terms please speak to the team on Nivo.
  • To be eligible to apply for a Personal Loan, you must have at least £5 in your Regular Savings Account (minimum shareholding).
  • Members must have their first month loan repayment in their account to be able to apply.
  • New members must have made their first contributions to the Credit Union, in line with requirements set out in their welcome letter, before they can apply for borrowing.
  • Your savings must be the equivalent of a first month loan repayment.
  • Affordability checks will be carried out for repayments, re total borrowing, you can apply for further borrowing three months after a loan application.
  • 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

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.
  • The minimum Unsecured Loan available is £500 and the maximum is £25,000.
  • Unsecured Loan terms are between 6 and 84 months.
Members 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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