Join
Loyalty Loans

Borrow against your
savings at our lowest rates

Already saving with us? Use your savings as security* to unlock our most competitive loan rates, while your savings pot keeps growing.

Your savings stay in your account and keep earning *
No arrangement fees, no early repayment penalties
Free loan protection insurance included **
A real person reviews every application

* Your savings are held as security against the loan. We may use your savings to repay the loan if you do not keep up with repayments. This loan will be reported as an unsecured loan on your credit file. ** Loan protection insurance subject to eligibility and policy terms. Loans subject to status and affordability.

Calculate repayments
Loyalty Advance
5.9% APR (fixed)
Borrow 100% of your savings balance (max £25,000)
Loyalty Plus
9.9% APR (fixed)
Borrow double your savings balance (max £7,499)
Minimum savings needed £100
Arrangement fees None
Early repayment penalty None
Two products, one smart idea

Put your savings to work
without losing them

Which product suits you depends on how much you have saved versus how much you need to borrow. Both keep your savings in your share or interest-bearing account throughout.

Loyalty Advance
5.9% APR (fixed)
Our lowest rate loan
Representative APR · subject to status and affordability
How much savings do you need?
Your savings must equal or exceed the loan amount*
Saved £3,000? Borrow up to £3,000 (max £25,000).
Borrow£100 to £25,000
Repayment term3 months to 7 years**
Arrangement feesNone
Early repayment penaltyNone
Loan protection insuranceFree***
Loyalty Plus
9.9% APR (fixed)
Borrow beyond your balance
Representative APR · subject to status and affordability
How much savings do you need?
Your savings must be at least half the loan amount
Saved £2,000? Borrow up to £4,000 (max £7,499).
Borrow£100 to £7,499
Repayment term3 months to 5 years
Arrangement feesNone
Early repayment penaltyNone
Loan protection insuranceFree***

Representative example (Loyalty Advance): If you borrow £1,500 over 18 months at 5.9% APR (fixed), you make 18 monthly repayments of £87.67. Total repayable: £1,578.06. No fees.

Representative example (Loyalty Plus): If you borrow £1,500 over 18 months at 9.9% APR (fixed), you make 18 monthly repayments of £91.52. Total repayable: £1,647.36. No fees.

* This loan is secured against your savings. We may use your savings to repay the loan if you do not keep up with repayments. Savings-secured loans are reported as unsecured on your credit file (not classified as secured lending such as a mortgage).

** Loyalty Advance: loans under £15,000 have a maximum term of 5 years (60 months). Loans of £15,000 and over have a maximum term of 7 years (84 months). Minimum term 3 months.

*** Loan protection insurance subject to eligibility and policy terms. View full details. Loans subject to status and affordability. At least 51% of approved customers receive the representative APR or lower.

Why Capital

Lending that puts members first

Our lowest rates, for loyal members

The Loyalty Advance is our most competitive loan rate. It exists specifically to reward members who save with us.

Savings stay in your account

Your money keeps working for you throughout the loan term. It remains in your share or interest-bearing account, eligible for a potential annual dividend, and builds your long-term financial resilience.

No hidden fees, ever

No arrangement fees. No early repayment penalties. The rate you are quoted is the complete cost of your loan.

Free loan protection insurance

Included with your membership. If you pass away, the outstanding balance is cleared. Subject to eligibility and policy terms. View full details.

A real person reviews your application

Not just a credit score. Our lending team looks at your full picture to find repayments that genuinely work for you.

Member-owned

No shareholders. Any surplus we generate is reinvested for the benefit of members. Your loyalty helps the whole community.

FSCS protected up to £120,000. Your savings held with us are protected by the Financial Services Compensation Scheme.

FSCS information →
How it works

Simple, straightforward, rewarding

Already a member with savings? You are only a few steps away from our best rates.

1

Have savings with Capital

You need a minimum of £100 saved with us. Your savings act as security* for the loan and remain in your share or interest-bearing account throughout.

2

Choose your product

Loyalty Advance lets you borrow up to your full savings balance, up to £25,000. Loyalty Plus lets you borrow up to double your balance, up to £7,499.

3

Apply via online banking

Log in to your member account and apply online. When selecting your loan type, choose Secured Loan* for Loyalty Advance or Unsecured Loan for Loyalty Plus. Our team reviews every application personally.

4

Funds transferred and savings retained

Once approved and your agreement is signed, the money is transferred. Your savings stay in your share or interest-bearing account while you repay.

* This loan is secured against your savings. We may use your savings to repay the loan if you do not keep up with repayments. This loan will be reported as an unsecured loan on your credit file. Loans subject to status and affordability. Membership eligibility criteria apply.

Loan calculator

See what your loan could cost

Select a product and adjust the sliders or click any value to type an exact amount.

Borrowing amount
£ 1,500
£100£25,000
Loyalty Plus maximum is £7,499. Adjust savings if you need to borrow more.
Repayment term
18 months
3 mo60 mo
Representative Example

If you borrow £1,500 over 18 months you would make 18 monthly repayments of £87.28. The total amount repayable would be £1,571.04. 5.9% APR (fixed). No arrangement or early repayment fees apply.

Estimated monthly repayment
£ 87.67
5.9% APR (fixed)
Borrowing £1,500
Term 18 months
Interest (estimated) £78.06
Total repayable £1,578.06

Illustrative estimates only and do not constitute an offer of credit. At least 51% of approved customers receive the representative APR or lower. Your actual rate may vary. Loans subject to status, affordability and eligibility. Missing payments could increase the total amount payable and may affect your credit file. Membership eligibility criteria apply.

FAQ

Common questions answered

These FAQs relate specifically to our Loyalty Loans. For general loan and membership questions, visit our full loans FAQ page.

View all loan FAQs →
How do I apply for a Loyalty Loan?
Existing members can apply via online banking. When selecting your loan type, choose Secured Loan* for the Loyalty Advance (5.9% APR) or Unsecured Loan for the Loyalty Plus (9.9% APR). If you are not yet a member, you will need to join us and build up your savings first, then apply once your savings are in place. Membership eligibility criteria apply. Loans subject to status and affordability.

* This loan is secured against your savings. We may use your savings to repay the loan if you do not keep up with repayments. This loan will be reported as an unsecured loan on your credit file.
What is the difference between Loyalty Advance and Loyalty Plus?
The Loyalty Advance lets you borrow up to 100% of your current savings balance, up to £25,000, at our lowest rate of 5.9% APR (fixed). Repayment terms are up to 5 years (60 months) for loans under £15,000, or up to 7 years (84 months) for loans of £15,000 and over. The Loyalty Plus lets you borrow up to double your savings balance, up to a maximum of £7,499, at 9.9% APR (fixed), with terms up to 5 years. Both require a minimum of £100 saved with us. The right product depends on how much you need to borrow relative to what you have saved. At least 51% of approved customers receive the representative APR or lower.
What happens to my savings while I have a Loyalty Loan?
Your savings stay exactly where they are throughout the loan term. They are used as security* but remain in your share or interest-bearing account and continue to be eligible for a potential annual dividend. You also continue to build your regular savings alongside your loan repayments. When your loan is fully repaid, your savings are released and remain yours.

* This loan is secured against your savings. We may use your savings to repay the loan if you do not keep up with repayments. This loan will be reported as an unsecured loan on your credit file.
Who can apply for a Loyalty Loan?
You need to be a Capital Credit Union member with at least £100 saved to be eligible for a Loyalty Loan. If you are not yet a member, you are welcome to join first and then apply once you have built up your savings. Membership eligibility criteria apply. All loans are also subject to credit and affordability checks.
Can I repay my Loyalty Loan early?
Yes. You can repay in full at any time with no early repayment penalty. You can also make additional payments to reduce your balance whenever you like, at no cost. Because interest is calculated on a daily reducing balance, paying down your loan sooner saves you money.
Are there any fees?
None. There are no setup, arrangement or early repayment fees on Loyalty Loans. The rate you are quoted is the complete cost of your loan.
Can I top up an existing Loyalty Loan?
Yes, it is possible to top up an existing Loyalty Loan, subject to loan terms and conditions and an updated affordability assessment. Speak to our team or apply via online banking to find out more.
What is the free loan protection insurance?
As part of your membership, your Loyalty Loan comes with free loan protection insurance up to a defined age. If you pass away, the outstanding balance is repaid in full. This is subject to eligibility criteria and policy terms. View full insurance terms.
How does interest work on a Loyalty Loan?
Interest is calculated on a daily reducing balance. We do not front-load interest at the start. With each repayment you make, the interest accrued since your last payment is cleared and your balance reduces. As your outstanding loan balance decreases, so does the amount of interest charged. This is the fairest way to charge interest.
Ready to apply?

Your savings, working
harder for you

Borrow at our lowest rates while your savings keep growing. No hidden fees, no early repayment penalties, just fair lending.

Calculate repayments

Loans subject to status and affordability. Membership eligibility criteria apply.