Loans Secured Loans

A Secured Loan allows you to apply for a loan for the amount equal to or less than your savings balance.

This loan product is ideal for members who need some extra money but would like to continue to build on their hard-earned savings.

Secured Loan Benefits

With a secured loan you can keep your savings in place and take advantage of your Credit Unions benefits:

  • Our Secured Loan is just 4.9% APR
  • No early repayment penalties or admin fees
  • You can continue to build up your savings and attract a dividend whilst you repay
  • Take full advantage of our Life Savings and Loan Protection Insurance*1 *2
  • Spread the loan over 10 years
  • No credit check required with a quick turnaround (terms and conditions apply)

How do I apply?

Loan applications can currently be made by applying via our:

If you're applying online we'll call you when the loan is ready or if we need some more information, from there you'll need to drop by one of our offices to sign some paperwork.

If you're applying in one of our offices just fill in the loan application form, don't worry if you don't have a printer you can pick them up at any of our offices. We'll be able to process the loan then and there, it's up to you how you'd like the payment made.

What do I need to bring with me?

No proof of income documentation is required for loans that are secured against the member's savings.

You should also bring with you some form of ID to allow us to confirm your identity.

Terms & Conditions

No loan is guaranteed and is subject to terms and status, for more information about our loan terms and conditions click HERE.

*1 Subject to terms and conditions. Certain restrictions apply based on savings balance and on age at death or age when savings were made. Each Credit Union has individual limits and restrictions which may vary over time. Ask your Credit Union for details about the Life Savings protection they provide.
*2 Subject to terms and conditions. Cover limits vary and certain restrictions apply based on age and cover. Please ask your Credit Union for individual limits and restrictions.

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Thistle Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our FRN is 213669