Saver Loan

Exclusive deals for existing members 

These loans are only available to existing members of Unify Credit Union who have 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 Starter Loan page.

What can I borrow?

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

The maximum loan available is £10,000 and the maximum repayment term is 5 years. 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 between 1%  and 2.5% per month (12.7% - 34.5%APR)

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

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, or log into your online account. 

Wigan     01942 245656

Ince         01942 701706

Leigh       01942 607002

Chorley    01257 241860 

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

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.  Here you can see how we work this out for you.  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.  Talk to us first and you may find that it is a much better option than going elsewhere.

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 STEPCHANGE, DEBT ADVICE FOUNDATION or your local CITIZENS ADVICE.  

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