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Save as you Borrow

You can add to your savings whilst paying back a loan.

You can even lock in your savings in our Christmas account.

The Save as you Borrow loan operates in a very similar way to all our loans, with the exception that it also enables members to save at the same time as repaying borrowing.

All members, regardless of their level of savings are eligible to apply for a Save as you Borrow loan.

The monthly repayments with a Save as you Borrow loan are slightly higher than those paid back for the same amount of borrowing under an ordinary loan. This is because a proportion of the repayment amount is allocated to your savings.  Over the repayment period your savings accumulates and once the entire loan has been repaid in full, the full savings are available to be accessed.

The Save as you Borrow loan is suitable for all those members who find it difficult to save, but have the ability to repay slightly higher repayments on their borrowing.

The following images ran on Kent Online in February 2015.

 

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Kent Savers Credit Union Tel: 0333 321 9050 Email: info@kentsavers.co.uk Web: http://www.kentsavers.co.uk
Kent Savers Credit Union is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation and Financial Conduct Authorities - Firm No. 503258