Loans for NHS staff

There are times when many of us need to access funds quickly. It may be a home or family emergency, such as a boiler breaking down or a car repair bill to enable you to get to work. Whatever the reason, it can be stressful attempting to make ends meet. At such times, an easy to access short-term loan can make all the difference.

Payday loans may look like an attractive solution, but high interest rates can lead to further difficulties. So, are there any alternatives when you experience a financial shortfall and need to access funds quickly?

The answer is YES.

A Credit Union Instant loan for NHS staff is an affordable option

Credit Unions offer a fairer alternative to payday and other online loan companies and enable those who may be tempted by exorbitant loans to borrow at a more realistic interest rate.

Unlike many lenders, we don’t focus solely on your credit score when assessing your loan application. Using open banking tools we also look at your transaction history to get a more complete understanding of your financial situation. This helps to ensure you aren’t unfairly excluded from accessing credit.

Instant Loans up to £7,500 are immediately available to anyone who has joined Transave and opened a savings account. This product will charge considerably less interest than a comparable loan from other online lenders. It can also be with you quickly, if your completed application is approved before 1pm, funds will usually be paid into your bank account on the same day.

Our repayment terms are highly competitive as well as flexible. You can choose to pay off your loan over 3 to 60 months.

As well as Instant Loans our Personal Loans allow you to borrow up £25,000. Members can borrow up five times the amount held in their Transave savings. The interest rate is competitive and once your loan agreement has been signed and agreed, we aim to get funds to your account within two banking days.

We accept anyone working for the NHS within the UK. You can join via payroll deduction if you work for one of the NHS trusts listed on our ‘Who Can Join’ page. If not, you are able to join on a direct debit.

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I’m not an existing member of the credit union

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