Secured Loan

Secured Against Savings

Do you have savings in your credit union account? Why not secure your loan against it and borrow from £50-£15,000 at our lowest rate of 3.9% APR.

Loan application process



Be a Member with shares

You must be an existing Member with shares in the credit union to apply for the Secured Loan



Login to Online Banking

Login to or register for Online Banking to access the online Loan Application



Apply for loan online

Complete your application with the relevant attached documentation



Sit back and relax!

We will get back to you within 2 working days with our decision

Get a free Loan Protection Insurance

We provide free life insurance on your credit union loan. This means that in the event of your death your credit union loan balance is paid off by this insurance so you needn’t worry about passing on debt to your next of kin when you die.

Who can apply for a Secured Loan?

Members of Cambrian Credit Union with savings in their account can apply for the Secured Against Savings Loan. By securing against your savings you can borrow from £50-£15,000 and benefit from our lowest rate of 3.9% APR.

The benefits of borrowing from Cambrian CU

A minimum borrowing amount of only £50 with affordable interest repayment rates

Easy application online or in branch

No early repayment fees or penalties and no hidden fees

Repayments are flexible and tailored to suit the individual’s needs

Interest is charged only on the outstanding reducing balance

Decisions made within 2 working days

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Representative example

For your convenience, below is an illustrative example of the costs associated with a loan of a specific amount.

Loan amount


Interest rate - APR


Loan term

12 months

Total interest


Monthly repayment


Total cost of credit


The requirements of a Secured Loan

  • Must be a Member with shares
  • Apply Online
  • Member to have funds available in share account to cover the loan value
  • Benefit notification may be required
  • Additional information may also be requested if partners income added or loan purpose.
Login & Apply

Loans FAQs

Have a question? Check below to see if it is answered in our Frequently Answered Questions.

How much can I borrow?

You can apply to borrow as much or as little as you need. Our maximum unsecured loan is £15,000 and the minimum amount £50. All loan decisions are based on your income, expenditure and your ability to repay.

Can I apply for a loan straight away?

You can become a membership and apply for a loan at the same time. Cambrian Credit Union does not currently require a member to save before they apply for a loan.

How long will a loan application take?

We usually complete and have funds in place within 2 working days.

Can I repay my loan early?

Yes, you can repay your loan in full at any time without penalty. You can also make additional deposits to reduce the value of your outstanding loan at any time – again without penalty.

Are there any membership fees?

Every member of Cambrian Credit Union must keep £5 in their share account at all times. – annual membership fee of £3 taken on the anniversary of joining the credit union.