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A Security Loan is ideal for members who have saved regularly and have a need for a lump sum for a planned or unanticipated event.

Rather than withdraw your savings, leave them safe in your CroydonPlus account and borrow against them at a reduced rate.


  • Borrow up to the balance of your savings

  • Members must have made at least 3 month’s deposits

  • No minimum savings required

  • Yearly APR: 5%

The easiest way to apply for a Security Loan is to APPLY ONLINE.

As part of the loan review process all applicants will be required to provide a minimum of 2 months’ bank statements for all currently active Bank Accounts (including savings accounts). The statements must be in a PDF format and can be sent either via email to:, Open Banking or uploaded to the Nivo app. You may be asked to provide further documentation should it be required.

IMPORTANT** If you have an existing loan product, which is up to date on repayments (not in default), you may be eligible to apply for an alternative loan product to better suit your needs.

Our expert team is dedicated to providing personalised guidance, ensuring that you understand all of your options and choose the one that best suits your situation. (Subject to our lending criteria, as well as eligibility and affordability checks.)

All rates and information is correct as of 1st October 2023.

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