SafeNet Loan

3% per month (42.6%)

A SafeNet Loan is for members who are looking to borrow money straight away or who have not yet managed to build up enough savings for a Standard Loan over 8 weeks.

A SafeNet Loan is available for any employee who pays by payroll deductions using their Employers Payroll Deduction Scheme (currently ONLY available to those employees of Coastline)

A SafeNet Loan is restricted to £600 with top ups available to a maximum of £600 for your second loan, when 50% of your loan has been repaid following a satisfactory repayment history.

How it works

Be 18 years or over 18.
Be an existing Kernow Credit Union Member or, are eligible to join.
Employed with your present Employer for at least 6 months.
Sign up to your Employers Payroll Deduction Scheme.
Regular savings allows you to plan and work towards your financial goals.
Save what you can when you can.

Why borrow from us?

Build your savings as you repay your loan.
No early repayment or arrangement fees.
You can apply if you do not have enough savings to take advantage of our Standard Loan.
Prepaid debit Card available to help manage your money.
Free loan protection cover in the event of death Subject to T&C’s.

All loans are subject to affordability to repay. Terms and conditions apply.
Please see our lending policy and Borrowing FAQ for more information.

SafeNet Loan Terms

For standard loans go to our Loans section

Download Payroll Deduction Mandate