0% APR for 3 months with Salaryflex

London Ambulance Service salary deduction scheme

We make it straightforward for London Ambulance NHS Trust staff to build savings and to borrow affordably.

 Save regularly and build up a savings pot, or borrow with us, with  payments conveniently deducted from your salary. Loans from 4.5% APR. 

Delivered in collaboration between London Mutual Credit Union and London Ambulance Service NHS Trust. Member-owned, not-for-profit.

Example rates

LoanAPRAmount you can borrow
Saver Loan4.5%Up to the balance of your savingsinfo
Gold Loan6.9%£5,000 to £7,499info
Premier Loan13.68%Up to £7,500Apply 
Silver Loan19.5%£100 to £5,000

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Note: LMCU loans are subject to our lending criteria and are assessed on your ability to repay the loan as well as our terms and conditions of membership of London Mutual Credit Union. All fees, pricing information and qualification information displayed on this page is for illustrative purposes only. Applying for a loan may affect your future abilities to take out future credit.

Account types

FeeATM withdrawals*Balance enquiries*
Value Plus Account
Includes 4 withdrawals and balance enquiries per month.
£5.12 per month£0.60£0.50
Pay As You Go Account£4.00 pm£0.60£0.50
E-AccountNone
Advantage Account£9.00FreeFree

* UK ATMs only

Learn more and apply

Note: LMCU loans are subject to our lending criteria and are assessed on your ability to repay the loan as well as our terms and conditions of membership of London Mutual Credit Union. All fees, pricing information and qualification information displayed on this page is for illustrative purposes only. Applying for a loan may affect your future abilities to take out future credit.

How we’re different

A credit union

We’re a  community bank based in South London, founded in 1982 and owned by our members. We’ve been working with NHS staff for over 25 years.

Working for you

Our mission is to help everyone in our community get into  financial shape—not to make a profit. So you can trust us to act in your best interests.

Salary deduction

We work with London Ambulance Service to deduct a regular amount from your pay, making it easy to build savings or make repayments without hassle or worry.

Doing good

Every penny we make is paid back to our members as a dividend, used to  support our community work, or reinvested in our services.

Get a £2,000 overdraft when you save regularly into your credit union account

Introducing Salaryflex — a flexible overdraft built around your salary, from a lender you can trust
Example: £2000 credit limit 19.6% APR

Why choose a credit union?

Owned by the community

As a co-op, we are run for our members , not shareholders. That means we put your financial wellbeing first, and do right by you, not just our bottom line.

The best rates

With rates from 4.5% and no hidden charges or early repayment fees, we can save you hundreds of pounds compared to credit cards, overdrafts and high street lenders.

Designed around you

We know that you love what you do, but it isn’t always easy. To us, you’re a member, not just a customer. We’re committed to your success and helping you meet your financial goals.

Who we are

We were founded by employees of Southwark Council in 1982. Since then, we’ve had one mission: serving our member communities by providing fair and ethical financial services built around their needs.

The community we serve (known in law as our ‘common bond’), now covers the heart of Central London. This includes the Boroughs of Lambeth, Southwark, Camden and Westminster, in addition to all serving members of the UK armed forces and anyone who worships at the New Testament Church of God. Family members living in the same household as one of these groups are also eligible to join.

Safe and secure

London Mutual is regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). Every account is protected by the Financial Services Compensation Scheme (FSCS), up to the value of £85,000.

Banking at the heart of our community

Join London Mutual credit union today

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