Borrow against your savings with our Loyalty Loans
Maintain your savings and continue to attract a dividend* each year with our Loyalty Advance Loan and Loyalty Plus Loan, and borrow against your existing savings with Capital Credit Union at our most competitive rates.
Loyalty Advance Loan
Members with over £250 savings can use these savings as security to borrow at 3.9% APR – our lowest interest rate. Apply directly via e-mail at enquiries@capitalcreditunion.com or via phone on 0131 225 9901.
Loyalty Plus Loan
A loan that is double your current savings balance (from £1,250 to £5,000). Secure a highly competitive rate of 6.2% APR and borrow against your savings. Apply now
Loan |
Loyalty Advance Loan |
Loyalty Plus Loan |
Membership |
Yes |
Minimum 12 months |
Savings Amount |
From £250 |
From £1,250 to £5,000 |
Repayment Period |
15 years |
5 years |
% APR |
3.9% |
6.2% |
|
|
|
Life Savings Insurance |
Yes |
Yes |
Loan Protection Insurance |
Yes |
Yes |
Top up an existing loan** |
Yes |
Yes |
Set up fees |
No |
No |
Administration fees |
No |
No |
Early repayment penalties |
No |
No |
Members continue to meet their regular savings at the same time as repaying their loans, building up a nest egg for when the loan is paid back.
As a responsible lender, all loan decisions at Capital Credit Union are made based on your income, expenditure and ability to repay.
In order to comply with money laundering regulations, before we provide any service, we may search the records of one or more registered credit reference agencies who will provide us with information from the Electoral Register and any other data appropriate to the search.
*Interest Savings Accounts may be paid an annual dividend based the previous years profitability.
**Subject to loan terms and conditions.