Borrowing From Your Credit Union

Our members can apply for one of our loans which cover a range of amounts. Benefits of a credit union loan include:

• A competitive rate of interest, Interest is calculated daily on your reducing balance.
• The rate we advertise for your loan is the rate you will get, no matter your individual circumstances.
• No set up fees or early repayment charges.
• Make extra payments to reduce your loan balance quicker at any time.
• Easy repayments through payroll deduction.
• You continue to save with us as you repay your loan.
• The majority of loans come with free loan protection insurance.

Loans can be used for a variety of reasons including car purchase, home improvements, household goods, holidays or paying off more expensive credit from other lenders.

Please note that there is no automatic right to a credit union loan. Loan applications are considered by the Credit Committee and take into account a number of factors including income & expenditure, other borrowings, the reason for loan and the repayment period and previous history with the credit union.