Child Benefit loans

If you have one child, you can apply for £500 while if you have two or more children, you can apply for a Child Benefits Loan for up to £1,000 straightaway.

Learn more about the Child Benefit Savings & Loan Plan or apply now.

Christmas Loans

Spread the cost of Christmas with this loan. You can borrow up to three times your savings in your Hertsavers Credit Union account. Find out more or apply now.

Home Owner Loans

If you are a homeowner and have equity in your property, then you can get a loan of up to £3,000 with just £300 in savings, at a 50% discount, on the standard monthly interest rate per month. Apply now.

Keyworker loans

If you are an NHS, Council, Emergency or School staff, you qualify for a keyworkers loan. A loan of £1,000 is repayable over up to 60 months at just 0.5% per month interest. Find out more

Saver Loans

Did you know that as a regular saver, you can borrow up to three times what you have in savings, which is repayable over up to five years? To apply, you need to have been saving for at least three months. Apply now.

Transport Loans

Stay mobile with a Hertsavers ‘Transport Loan’ of up to £5,000. Find out more.

We offer loans to suit your needs, in all cases you get:

  • Sensible interest rates – with, in most cases, a maximum of 2% per month (26.8% APR).
  • You only pay interest on the outstanding balance so if you decide to pay off early it costs you less.
  • No hidden charges or unexpected penalties – for example, you can pay your loan off early without penalties if you are able to. There are no fees for taking out a loan
  • Lower rates if you have a track record with us – once we know you we may be able to offer you a lower rate or a larger amount.


Interest on loans up to £500 is 3% per month (42.6% APR); loans are available from £501-£2,000 with an interest rate of 2% per month (26.8% APR). However many loans are given with a lower interest rate, this is subject to personal circumstances and credit checks. You need to have committed to regular saving with us but you can borrow up to £1,500 at 2% per month(26.8% APR) straight away. Larger loans of between £2,000 and up to £15,000 net can be available at a monthly interest rate of 1% (12.7% APR).

How much can I borrow?

Day-to-day lending decisions are made by CUS staff, under policies agreed by the HertSavers Board. We have a Credit Committee which oversees CUS lending decisions and decides on larger loans or, in the case of appeals, against lending decisions.

In general, a loan should be a minimum of £250 with a maximum of £15,000 above your savings. Members can apply for up to three times the amount they have in savings, up to the £15,000 limit. If you join HertSavers and save by the Salary Saving Scheme or if you direct your Child Benefit to your HertSavers account, you may be able to borrow almost as soon as you join. In other cases, prudence requires us to be more restrictive in our lending criteria.

You can apply for a loan here.

Loan product comparisons

Click here to view the loan product comparison document. Please note that it is at the discretion of CUS to determine the interest rate for each member depending upon their individual circumstances. It may be the case where CUS offer an interest rate between the lowest and highest if their risk falls between the two.

Apply for a loan today