Loan Details
- Traditional loans are based on up to three times a members current shares.
- Secure loans are for loans that are less than a members total shares
- Starter loans require no shares.
- Loyalty loans are available to members that have had three or more loans in five years and benefit from a reduced interest rate. Please contact office to see if you are eligible
Loan Calculator
PAYMENT SUMMARY
NB: Whilst every care has been taken in the production of this web page, the credit union, or any of its staff, cannot be held responsible for any omissions, errors or other mistakes made. This web page is for illustrative purposes only, so as to give you, the borrower, an overview of the potential cost of borrowing.
Loan payment periods.
Amount £ Term
£0 – £500 up to 12 months
£501 – £999 up to 18 months
£1000 – £1999 up to 24 months
£2000 – £2999 up to 30 months
£3000 – £3499 up to 36 months
£3500 – £3999 up to 42 months
£4000 – £5999 up to 48 months
£6000 – £10000 up to 60 months
Loan applications of up to £10000 can normally be completed and paid within 24 hours.
Members will need to provide proof of current address for every loan application, things such as a current utility bill or bank statement or ideal.
Key facts
- No arrangement fee
- No early settlement fee
-
Overpayments welcome
- Free life insurance