Key Product Information
All applicants must be aged 18 or over and a UK resident.
| APR | 9.9% APR |
| Interest charging information | Interest rate fixed for the life of the loan. Interest accrues daily and is charged on a monthly basis. |
| Repayment information | You can repay your loan by pension deduction or Direct Debit. Speak to one of our Customer Service Officers on 0161 741 3160 to see if pension deduction is available for you. First payment due on the next available date after drawdown of loan. |
| Repayment period | The maximum loan term is 36 months and must be repaid by your 80th birthday. |
| Amount of loan available | You can borrow up to a maximum of £5,000 on this product. |
| Application/Arrangement Fee | No application or arrangement fees apply. |
| Other Fees | None. |
| Default Fees | None. |
| Repayments | You can repay the loan at any time fully or partially without charge. |
All loans are subject to affordability and our lending criteria.
Loan terms and conditions can be found here and should be read prior to application.
You’re covered with Life Protection
Extended Life Protection is included up to the age of 80. This does not cost you anything, it is simply another benefit of borrowing from the Credit Union and has been created purely to help our members.
Loans are protected up to a maximum of £40,000 per member. This means your loan would be cleared, ensuring your debt does not remain outstanding, subject to our terms and conditions.
All benefits are paid at the discretion of our Board of Directors. Life Protection is not an insurance policy and is not guaranteed. For more information please click here.
Additional Borrowing
If you have an existing loan with us and want to borrow extra, there are two options available. Click here to see more information.
Need help?
If you are experiencing financial difficulty, or are struggling to repay your loan with us, please contact us as soon as possible and a member of our team will be able to assist you.
