Here to help King's employees make their money go further

King's College Hospital NHS Foundation Trust has partnered with London Mutual Credit Union to make salary-deducted savings and loans available to all its employees as an optional employee benefit.

Easy savings

Set aside money automatically from your salary each month.

Loans for sudden costs

Access funds quickly to cover household or personal expenses.

Flexible repayments

Repay in a way that works with your shift patterns.

Track your money

Use simple tools to plan and monitor spending.

About London Mutual Credit Union

London Mutual Credit Union is a member-owned financial co-operative, serving Londoners since 1982. We exist to help people to save,
borrow, and build financial wellbeing in a safe and supportive way.
  • Member-owned, not for profit

  • Authorised and regulated by the PRA and FCA

  • Payroll saving & repayment available for King’s staff

  • Thousands of members working in Health, Hospital, NHS

What we offer

Personal Loans

Borrow £500-£25,000
From 9.6% APR

Fair, affordable borrowing for planned and unplanned expenses

  • No early repayment fees
  • Save as you repay
  • Repayments directly from your King’s salary.

Regular savings

Borrow from as little as £10 a month
Pay in directly from salary

Build a savings habit with automatic salary deduction

  • Save as little as £10 a month
  • Deducted each payday, so you don’t miss it.
  • Access and withdraw your money via our mobile app

Mortgages

Borrow up to £450000
From 3.64% (variable)

Buy or remortgage your home with competitive rates, in-house advice, and decisions made by people, not computers.

  • No arrangement fees
  • Free no-obligation mortgage advice
  • Up to 80% LTV

How it works

Join online

It only takes a few minutes to become a member and to open your membership account

Choose how you'll use it

Choose how much to save each month, and, if you wish, apply for a loan at the same time

We'll set up payroll

We work with King's to arrange regular deductions from your salary

Save and repay - automatically

Your chosen amount comes straight from your pay each month and is automatically added to savings or used for loan repayments.

Explore the Money Gym

From managing bills to building better habits, the Money Gym is packed with practical tools and guidance to help you feel more in control of your money
Visit the Money Gym

Join the credit union for King’s College Hospital staff

Become a London Mutual member and build savings and borrow affordably directly from your King's College Hospital NHS Foundation Trust salary.
Become a member

Money tips & ideas

London Mutual Credit Union shortlisted for financial innovation award

Two of London Mutual's products have been shortlisted for awards which recognise innovation in financial services
Read story

How Family Saver loans work: your step-by-step guide

Family Saver loans let you borrow what you need today while automatically building savings for tomorrow. Here's exactly how it works.
Read story

County Court Judgements (CCJs): what they mean and how to deal with them

A County Court Judgement can seriously affect your financial options, but understanding your rights and taking prompt action can limit the long-term damage.
Read story

Are you getting paid enough? Understanding your rights under minimum wage

More than half a million UK workers are being paid less than minimum wage. Many don't realise it. Here's how to check you're getting what you're owed.
Read story

Standing orders and direct debits: understanding your payment options

Confused about whether your bills use standing orders or direct debits? Understanding how each works helps you spot problems before they hit.
Read story

What is a credit union? Understanding the alternative to high street banking

What's the real difference between credit unions and high street banks? Understanding these key distinctions could transform how you think about banking.
Read story

What to expect when you apply for a loan with us

Applying for a loan can feel intimidating. Here's what really happens during our process.
Read story

Your complete guide to consolidation loans

If you're juggling multiple credit cards, loans, and overdrafts, a consolidation loan could help you regain control of your finances with one simple monthly payment.
Read story