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Loans Savings Secure Loan

Savings Secure Loan

Loans from £250 to £10,000

If you are a member and need to borrow but don’t want to withdraw your savings then you can fully secure a loan against them

  • Interest rate just 4.5%APR and no credit check

  • Loan terms up to 5 years

  • Repay weekly/fortnightly/4 weekly/monthly

  • Short application form and a quick decision

  • Savings equal to the value of the loan put into a ‘Pledged Savings’ account; these savings cannot be withdrawn throughout the term of the loan and are not eligible for a dividend but remain covered under the Financial Services Compensation Scheme.

  • Savings available for withdrawal/eligible for dividend once the loan is repaid

Call us on 01275 390650 to discuss your options , alternatively you can:

Call us:
  • Tel.
  • 01275 390650
Opening Hours
  • Mon - Fri
  • 9.30am - 4.30pm
Visit us:
  • Thu
  • 9.30am - 12.30pm / 1.30pm - 4.30pm
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Somerset Savings & Loans is authorised by the Prudential Regulation Authority & regulated by the Financial Conduct Authority & the Prudential
Regulation Authority. FCA & PRA FRN: 230768