Borrowing from Your Credit Union...

How Much Can I Apply to Borrow.....?

The amount you may apply to borrow is based on the amount you have in your credit union savings (unless you apply for an Introductory Loan).  The current loan policy is that a members first loan is limited to either a maximum of up to a £1000 Introductory Loan or three times your savings balance. So, for example, if you have £400 in savings you may apply for a loan of up to £1200.   Members who have repaid a first loan may apply for subsequent loans of up to five times their savings balance.

New members may may apply for our Introductory Loan of up to £1000, subject to approval by the Credit Committee.

What Can I Use My Loan for?

Family holidays, household goods, home improvements, a car purchase or paying off more expensive loans, store and credit cards are some of the more popular common reasons for loans.

We have also provided loans to our members for items such as corrective laser eye surgery, roof repairs, central heating, dental treatment, engagement parties and weddings.

How Much Will My Loan Cost?