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Secured Loan

Secured Loan

If you have saved for some time, and have built up a nice nest-egg, why not make your money work for you?

A secured loan is our cheapest loan, at just 6.2% APR and is exclusively for those members who want to borrow less than they have in their shares (savings).

How does it work?

If you have savings of ?500 or more, and no loan outstanding, you may apply for a secured loan. This is normally paid out the same day you apply and you don't need to supply any additional documents other than the application form.

The interest amount is minimal, around ?16 for each ?500 borrowed so it makes sense to make use of the money you have while leaving intact to continue building up.

All you need to do is call into your local branch with your letter, text or email and we'll do the rest. Your money will be paid into your account on the day you apply.


Find Us here:
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Central Liverpool Credit Union Tel: 0151 708 5515 Email: enquiries@centralliverpoolcu.co.uk Web: http://www.centralcu.co.uk/
Central Liverpool Credit Union is authorised by the Prudential Regulation Authority & regulated by the Financial Conduct Authority & the Prudential Regulation Authority. FSA FRN: 213251