Vehicle Loan
Our brand new product launched in 2025!Â
With NHS CU Vehicle Loan you’ll get competitive monthly payments, low total payable amounts, AND you’ll own the car immediately.
Better lending options with NHS Credit Union
Eligibility
- Borrow between £500 – £25,000
- No Loan arrangement fee or early settlement fee
- Vehicle Loan terms between 6 months & 84 months
- Vehicle Loans can be used to purchase a vehicle, including part exchange purchases, vehicle repairs, MOT/service, vehicle insurance, vehicle improvements
- You must be a member of the NHS (Scotland and North England) Credit Union Ltd
- You must be over 18 years old
You spoke we listened
We surveyed over 1,000 members and the results told us that when paying finance for your car, how much you pay monthly and how much you pay in total is very important to you, with over half of you advising that owning the car is important too.
Key Facts
- You can apply online through the NHS secure Member’s Area at www.nhs.cuaccount.com/login/ if you are registered for online banking.
- You can apply through our NHSCU mobile banking app.
- If you want to discuss your application with a Member Engagement Officer or wish to request a postal application, call 0141 445 0022
- Interest rates are dependent on the amount borrowed or the total outstanding balance if the loan is being re-financed. However, you will never pay a higher rate than the rate applicable for the total amount you are borrowing.
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.
Documentation Required to support your Loan application
To ensure your Loan application is assessed as quickly as possible, we may need you to share the following information with us.
When assessing your loan application:
- We may carry out a credit reference check as part of my application.
- We may require additional supporting documentation.
Documents we may request.
- Your own most recent payslip
- Open Banking or 1-month recent bank statement(s) required to verify income and all household expenditures.
- If including a partner’s income, they must complete a consent form and provided their most recent payslip/proof of income and a 1-month bank statement(s) verifying their income and expenditure.
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