Why choose our Save As You Borrow Loan?
- Simple Terms – Borrow up to £3,000 even if you don’t meet the usual savings requirement.
- Flexible Repayments – spread repayments over 2 years.
- Personal Support – A member of our team will help you set up repayments that include a small amount going straight into your savings account.
- Build Savings as You Borrow – Your savings will be available once the loan is fully repaid.
All loans are subject to status and standard lending criteria.
Interest Rates
- 3% per month (APR 42.6%)
Representative example
- Borrow £2,000 at 42.6% APR
- Repay over 24 months
- Loan repayment £119.00
- Savings payment £29.00
** – Total monthly payment £148.00 (final payment £116.84)** - Total paid £2,824.84
- Total Interest payable £824.84
- Total saved £696.00
Required Documents
- 3 months of bank statements or Open Banking.
- Payslips/Benefits information.
- Other documents may be required.
Eligibility
- You must be over 18.
- You must be a member of Bedfordshire Credit Union and have paid your initial deposit.
- You must meet the criteria of our common bond.
