Personal Loan

A better way to borrow. Affordable Personal Loans are available if you are saving regularly with Transave and can be used for any purpose.

  • Borrow between £500 and £25,000
  • No fees or hidden costs
  • Fair, affordable rates

How does our Personal Loan work?

Borrow an amount of up to five times your savings balance. Loans are available between £500 and £25,000 at a representative APR of 12.7% and with repayment terms of up to 84 months. There are no set-up fees, hidden charges or penalties for repaying a loan early.

How much do you want to borrow?

How much would you like to borrow?

Over what period would you like to borrow it?

Representative APR

Monthly Repayment

Total Repayment

What our members say

We use Feefo — an independent review company — to get feedback from real savings customers.
It’s impartial, honest and well worth a look.

Frequently Asked Questions

Simply browse the FAQ topics below to find your answer, and if it’s not listed here get in touch.

It’s easy to apply via our online account/app – to register for an online account go to register

You can borrow up to five times the amount you have in your Regular Saver at the point of application (up to a maximum of £25,000).  Please note that because your savings will act as security on your loan, you will be unable to withdraw them until you have repaid your loan in full, or your savings balance exceeds your loan balance.

We conduct a credit search for every loan application. This helps us ensure responsible lending and safeguard the interests of our valued members who save with us. However, our approval decision is not based solely on your credit score. We also assess loan applications by considering factors such as income, expenses, debt level, and repayment capability.

You can pay off your loan in full at any time with no early settlement penalties or other charges. Just give us a call on 0330 175 5555 and we can confirm the amount owing, which you can then pay by bank transfer or debit card payment.

We aim to get your decision as quickly as we can, with over a third of our applications receiving an instant decision it is often the same day, however it can take 2 to 3 days during our busiest periods, like Christmas, or if we’ve asked you to provide some additional information. You’ll receive texts and emails keeping you up to date with the progress of your loan, including if we need you to do anything, like send documents to us.

To ensure the loan is affordable for you, we will ask to view recent bank statements digitally via Open Banking. We’ll provide you with a secure link to send the information to us. 

Your loan application will be automatically rejected If you have a recent County Court Judgement (CCJ, are bankrupt or have entered into any of the following: Trust Deed, Administration Order (AO), Debt Management Scheme (DAS), Individual Voluntary Arrangement (IVA), or Debt Relief Order (DRO).

Top up loans are an alternative to applying for a whole new loan when you need some extra cash. Instead of having to go through the entire application process again, if you have an existing Personal Loan, you can top this up to an amount you need subject to credit and affordability checks.

APR stands for Annual Percentage Rate, which refers to the overall cost of borrowing a loan. It includes the interest rate and any related fees. By using APR, you can easily compare different options and find the best deal for your needs.

We recommend looking beyond the headline interest rate advertised by other lenders. Instead, take a closer look at how much you’ll pay per month for the amount you want to borrow. This way, you can make a more informed decision.

When you pay-off your loan the same amount continues to be collected unless you instruct us otherwise. Any money not required to pay off your loan will automatically be paid into your savings account. You can withdraw any amount from your savings account, but please bear in mind that sometimes direct debit instructions cannot be stopped and at other times there will be a delay whist the debited amount clears in our bank. 

If you would like to adjust this arrangement, let us know:

  1. In the Transave App, select Secure Messages from the menu
  2. Email us at [email protected]
  3. Call us on 03301755555

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