Small loans you can repay early without any fees and support your local community at the same time!
Our Credit Union starter loan is designed to provide you with a small affordable loan, just for the amount you need. You can pay back the loan on a day of your choice, weekly, or monthly. You can do this by Direct Debit, or by Standing Order. As a local member cooperative, we are here for you, our members. All of our loans come with the added bonus that you can make extra repayments or pay back the loan early without any extra charges. In fact, you will pay less interest!
- Open to members only
- Support your local community
- Apply for a loan the same day you join via the Members’ Area
- The quicker you repay, the less interest you pay
- Loan paid directly into your bank account
- Build your credit history
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* Representative example.
Borrowing £00.00 over Months will cost £00.00/month. Total amount repayable is £00.00 which includes interest at 42.6% APR.
The figures given above are for illustrative purposes only and may not be the APR you receive. The actual interest rates and repayment amounts may vary subject to loan amount and status.
It is easy to apply for a Loan
1. Apply For Membership
As a local member cooperative, you’ll need to fill in an Online Membership Form and pay your Membership Fee by Paypal or Debit Card by contacting us on 03336 000690 before applying for membership. All our members benefit from our success and receive dividends on any savings!
2. Apply for a Loan
Once you’re a member, log in to the Members Area, follow the prompts on the welcome email and fill out the Loan Application form and we’ll try to have a decision back for you within 2-3 business days. You can start applying for a loan on the same day you apply for a loan with our Credit Union.
In order for us to conduct our affordability check, you will need to provide us with evidence of your income & expenditure. We will request that you provide us with read-only access to your bank statement through our reliable partner, Consents.Online. By submitting your bank statements online, our loan officers will be able to view the last 90 days of your statements over a secure encrypted connection. You can also upload PDF’s of your statements.
3. Keep updated
The Members’ Area will let you know how your loan application is doing and if you’d like to check your email for your loan agreement or if there’s anything else we need to know!
4. Sign Your Agreement & Set up repayments
We will send you an email once we have made a decision on your application. If you qualify, you can easily schedule repayments on a date that works best for you through Direct Debit or Standing Order. You can save while paying down your loan, building a savings pot in the process!
FAQs
If you can’t find the answer here, please get in touch and we’ll be happy to help
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