* The interest rate you pay, and the amount you are able to borrow may vary depending on your saving and loan record with the credit union.
* All figures given on this website are for your general information only, and give an estimate guide to loan repayments. Any statements on this website do not purport to be authorative or legally binding.
* All information contained on this web page is correct at time of publishing. The Credit Union accepts no responsibility for errors due to changes in rates or offers which have occurred after this date. You are advised to check with our offices for up-to-date rates and offers.
Join the Local Revolution for Affordable Loans!
New and existing members can apply for a loan up to £15,000 for any purpose, and decisions are based on affordability and ability to repay. Please see below for some of our deals. When you apply for a loan, our loans team will make sure you get the best rate available to you if your loan is approved.
Christmas Loans with Discountd Rates Now Available
Our discounted Christmas loans are available for loans received by between 1st October and 31st December 2019, providing great value to help spread the cost of Christmas in an affordable way. Discounts available to both new and existing members.
Back by popular demand, our hassle-free Christmas loan is also now available.
Terms and conditions apply.
We are currently piloting a new family loan, allowing new and existing members the option of repaying loans for family-related pruposes by direct Child Benefit payments. This pilot is available now and being rolled out throughout the summer. Please contact us for a loan pack if you want to find out more.
Platinum Loans at 4.9% APR
We are now offering members our best loan rate available for unsecured larger loans. This rate is very competitive with bank loans and is available to new and exisitng members who are approved for loans between £5,000 and £15,000 if they are:
Please note that this loan rate is not eligible for credit consolidation loans.
Eligibility is subject to loan approval and our loans assessment.
Saver Reward Loans from 3.9% APR
Rewarding our savers is a priority for us: that's why we reserve our best loan rates for those who save with us, and agree to keep their savings held in their account until their loan is repaid.
If you have savings in your account which match the full loan value you are applying for, and agree to keep you savings locked into your account for the term of your loan, you will be entitled to our discounted loan rates our savers:
Our rate is very competitive, and we believe is one of the best rates currently available on the High Street. if you would like to apply for a saver reward loan, you can apply by logging into the members' area of our website.
Home Improvement Loans
For those embarking on a home improvement project, we offer loans of up to £15,000. See below our examples of typical loan repayments for low and high value loans. Contact us for more details or apply online today if you have a home improvement plan we can help turn into a reality.
Loans to Consolidate Credit
If you currently have outstanding credit with overdrafts, credit cards, store cards or loans etc, you may be making a number of repayments througout the month at different interest rates. A loan to consolidate your credit would allow you to make one monthly repayment at a fixed rate. Our credit consolidation loan is offered at 41.2% APR for loans up to £1,000, and 18.9% APR for higher value loans.
When considering debt consolidation, it's important to consider what you want to achieve and what is most important to you, for example:
- including all your existing credit repayments in one monthly payment for convenience
- reducing the overall cost of borrowing
- reducing monthly repayments
We cannot guarantee that these options will reduce the overall cost of borrowing - this will depend on the on the interest rates you currently pay on your outstanding credit. We strongly recommend that you compare these with the the cost of our credit consolidation loan before deciding if this product is right for you.
Please note that if you have an existing loan with us, and apply for a top-up loan, the loan offered to you will be at the credit consolidation rate if either your existing loan or new loan application is for this purpose. We would therefore recommend repaying any standard existing loans with us first before applying for this product.
Please talk to us about whether consolidating your debt with us could save you money and help you clear your outstanding balances.