Save To Borrow

If you’re serious about getting a loan, we’re serious about helping.

A ‘Save To Borrow’ account is the smart, simple way to turn your savings into a loan.

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How Does It Work?

Start saving with us and build up a handy savings account.

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Build your credit rating and improve your financial well-being.

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When ready, apply for a loan* of up to 3x your savings balance.

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Example:

Save £100 per month for 3 months, and you could borrow up to £900. You’ll also get a cashback of £480 when your loan ends. *Subject to status and affordability

It’s your launchpad for affordable borrowing!

Save To Borrow is your smart way to build a better future! With this flexible savings account, you can choose how much to save and how often, until you decide to borrow up to 3x your savings balance.

Build a relationship with us so you can rely on us for loans.

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A loan offer can be up to 3x your total savings.

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All loans come with cashback. Build savings as you borrow.

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Loans are subject to status and affordability

FAQ

  • A Save To Borrow savings account is a great way to build your savings and strengthen your chances of getting a loan in the future.

    By saving regularly, you show us that you can make payments on time and manage money well. That really helps when you are ready to apply.

    The exciting part is that once you have built up some savings, you may be able to use them to support a loan application. We could lend you up to three times the balance in your Save To Borrow account, subject to affordability and our lending criteria.

    Your savings are still yours, but they will be held as security while the loan is in place. This means you will not normally be able to withdraw those savings until the loan has been repaid.

    So, the more you save, the stronger your application could be. Save regularly, build your balance, and when the time is right, your savings could help you borrow more.

  • As long as you like. You can apply for a loan at any time. Just remember, it will be based on your savings balance at the time of applying.

  • Saving with us is a great way to strengthen your loan application. It shows us that you can put money aside regularly, manage your money well and build a positive relationship with Wessex Community Bank.

    If you have saved £1,000 with us, you may be able to borrow up to three times your savings, which could mean a loan of up to £3,000.

    We will still need to check that the loan is affordable for you, but your savings history can make a real difference. It helps us understand your financial habits and gives your application a much stronger foundation.

    So while every loan is subject to status, affordability and our lending criteria, saving with us is one of the best ways to improve your chances of being approved.

Future Loan Calculator

Your personalised savings and loan estimate

Get Ready!

We may lend you more subject to assessment & affordability. All loans subject to status.