Loans

• Affordable Rates: Enjoy a fixed 12% interest rate, giving you the confidence to plan your finances without surprises.
• Quick Approval: Get the funds you need, when you need them, with our streamlined application process.
• Flexible Terms: Tailor your loan to fit your budget with customisable repayment plans.

Don’t let financial hurdles slow you down. Take advantage of our 12% Standard Loan today and get the financial boost you need! Apply now and experience the convenience and security of borrowing with us.

Check out our loan calculator below to work out your loan repayment

You may apply for a loan at any time during opening hours in the office or by telephone, or by completing a loan application on the Members Hub if you are registered.

To apply for a loan, please ensure that your proof of identification and address verification documents are up to date with us.

You may also be required to provide proof of income and/or bank statements.

Please note that we may carry out an Experian credit search.

We are committed to helping our members make the most of their finances.​ Every loan application is carefully considered, and over 95% of loans are approved. However, in the best interests of both the Credit Union and the member, some loans may be declined.

Repayment terms can range from 1 month to 5 years, depending on the purpose of the loan.​ Choose your repayment terms carefully, considering both the purpose and affordability.

When a loan is approved, if the amount of savings in your Main Shares account is equal to or less than the loan amount, those shares/savings will be pledged as security for the loan and cannot be withdrawn. Any balance in excess of the loan amount may be withdrawn at any time.

However, any savings held in an Easy Shares or Direct Payments account are not pledged against the loan and may be withdrawn at any time, provided the member is not in serious arrears.

Facing difficulties with loan repayment can be a stressful experience, but it’s important to address the situation proactively. If you’re struggling to meet your loan obligations, here are some steps you can take:

1. Contact Us: Reach out to us as soon as possible. Our Credit Control Officers are always available to discuss loan problems with you or can work with you to adjust your repayment plan.
2. Review Your Budget: Assess your current financial situation to identify areas where you can reduce expenses and allocate more funds toward loan repayment.
3. Explore Refinancing or Consolidation: Refinancing your loan or consolidating multiple debts into a single payment with a lower interest rate might help reduce your monthly payments.
4. Understand the Consequences: Missing loan payments can impact your credit score and may lead to additional fees or legal action. It’s crucial to address repayment issues early to avoid long-term financial damage.

Taking these steps can help you navigate repayment difficulties and find a solution that works for your financial situation.