Why borrow with the Credit Union?

The Credit Union is here to help and it provides loans to members at attractive terms.
If you are looking for a dream holiday, car, house, home improvements or for whatever the reason, the credit union offers an attractive loan rate to suit your needs.
One of the main benefits of taking a loan with the credit union is that the interest is calculated on a reducing balance, this means the faster you pay off your loan the less interest you pay.

Check out our loan calculator for a loan that suits you or fill out a loan enquiry form here.

Savings and benefits of a CU loan

  • Low Cost Loans at very reasonable interest rates, from 7.22% APR for Cars and Students
  • Competitive Standard Loan Rate only 12.68% APR
  • Interest Rebate will apply on all standard Loans
  • Interest is only charged on the reducing loan balance – this means you pay interest on what you owe
  • Free Loan Protection Insurance to eligible members
  • Easy repayment options by standing order, direct debit
  • No penalty if you make larger repayments than agreed, make additional lum sums, or you repay the loan early.
  • Repayment terms flexible to suit your personal circumstances. Repayments can be rescheduled if difficulties arise.
  • No Interest charged on interest
  • No hidden fees or transaction charges
  • Prompt personal attention from friendly staff
  • Easy application process and speedy decisions

How to Apply for a loan

  • Applying for a loan is easy and quick decisons are made on loan applications. Members can apply for a loan in a variety of different ways;
  • Phone You can phone and speak to a member of our dedicated loans team
  • Visit Branch Alternatively, you can visit our Credit Union branch

Car Loans

  • Did you you own your own car from day 1
  • No balloon payment at the end
  • Local friendly face to talk to, not some impersonal call centre
  • Absolutely no fees or charges
  • No penalties if you clear your car loan early
  • Interest charged on the reducing loan balance, so you pay less interest with each repayment
  • Life assurance on your loan at no extra cost
  • Terms and conditions apply to loans and life assurance
  • Loans are subject to approval based upon affordability