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Savings

Save-as-you-repay loans

With Save as You Repay, every loan repayment helps you build a little nest egg in the background. By the time your loan is done, you’ll already have savings set aside—making it easier to plan ahead, relax, and enjoy the things that matter.
Get startedHow it works

Turning borrowers into savers

We believe that credit should be a stepping stone, not a trap.
That’s why our Save as You Repay approach is built into every loan we offer. By encouraging you to save while you borrow, we help you build a cushion for the future—so that when opportunities arise, or life throws you a challenge, you’re ready.

How it works

Saving while you repay

  • Each month, alongside your loan repayment, you put aside a small amount into a savings account.

  • These savings are yours—they belong to you and grow while your loan balance falls.

  • By the time your loan is repaid, you’ll have built up savings without even thinking about it.

Keep saving, even after your loan ends

  • Once your loan is fully repaid, your savings habit is already established.

  • Many members choose to continue saving the same amount each month.

  • This means your financial situation keeps improving long after the loan is gone.

Why save as you repay makes sense

  • Build a safety net while paying down your loan

  • The option of using your savings to pay off your loan early

  • Develop a positive savings habit

  • Less need to rely on borrowing in future

Good to know

Got questions? We've answered some common ones to help you get started. If you need more information, our Help Centre is just a click away.
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  • Can I choose how much I save each month?

    Yes. We’ll agree a savings amount with you when your loan starts, and you can usually adjust it if your situation changes.

  • Does saving make my loan more expensive?

    No. Your savings belong to you—they’re not a fee or extra charge. You’ll end your loan with both your debt cleared and savings built up.

  • What happens to my savings while I'm repaying my loan?

    Normally, your savings are set aside until your loan is fully repaid. This helps you finish your loan with a healthy balance already in place.

  • Can I use my savings to repay my loan early?

    If your savings grow large enough that they are more than the amount you owe, you can optionally use them to clear your loan early, potentially saving you money on interest.

    We’d still encourage you to keep on saving afterwards though!

  • Do I have to keep saving after my loan ends?

    No—it’s up to you. But many members choose to continue saving the same amount, since it’s already part of their routine.

  • What happens at the end of my loan?

    Once your loan has been fully repaid, your monthly payments (from your salary, benefits or Direct Debit) will continue until you tell us otherwise.

    Money that previously was being used to repay your loan will instead go straight into your savings, helping your balance to grow.

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