Interest rate 2.86% pa (2.9%APR)
Sometimes you need money, but don’t want to dip into your savings.
With our new Savings Secured Loan, your loan is secured against your Penny Post savings, protecting them whilst enabling you to still borrow money at a great interest rate of just 2.9% APR, our lowest ever rate. And remember… your savings continue to earn an annual dividend* (making the rate even better than most high street lenders!), and you benefit from our Free Life Cover too.
So, if you’re looking to borrow money at a great rate secured against your savings, our new Savings Secured Loan is for you!
Please Note : If applying to Top Up your existing Savings Secured Loan, please apply for the amount you are topping up by, when completing the Nivo application. If approved, this amount will be the extra amount you receive.
*Dividend dependent on company performance and agreed by Board and members at the AGM.
Use our loan calculator to see how much you could borrow and how much you would pay back.
Need help finding the right Loan for you? Then use our Penny Post Loan Finder.
For help and guidance on applying for a Penny Post loan and everything you need to know to guide you through the application process.
Borrowing £2,550 over 104 weeks will cost £25.23 a week. Total amount repayable is £2,624.33 which includes interest at 2.9% APR.
Borrowing £10,350 over 36 months will cost £300.35 a month. Total amount repayable is £13,812.68 which includes interest at 2.9% APR.