Sun Life is providing a loan service backed by an endowment plan for sums up to £15,000 in partnership with Royal Bank of Scotland.
The Cash Release Scheme offers an unsecured fixed term loan backed by the Sun Life Homebuyer's plan. Interest is charged at a rate of 4.25 per cent above the RBS base rate.
The Sun Life Education Expenses Scheme and Homechoice Plan have been also been updated. The Royal Bank is now charging interest at 4 per cent and 3 per cent above their base rate respectively for these drawdown options.