Personal Loan

How much would you like to borrow?

£1000

How long would you like to repay this loan?

12 Months

APR Value

29.8%

Total Cost of Credit

£148.52

Total Amount Repayable

£1148.52

Monthly Repayments

£95.71
Apply for a Loan

This Loan Calculator gives a flexible indication of the cost of borrowing different amounts of money over various repayment times. Figures quoted in the slider are for illustration purposes only, for a more precise quotation contact us.

  • We are here solely for our members and aim to provide affordable credit to anyone who can afford to pay the loan repayments.
  • Each loan application is assessed individually by a member of our team. We cannot lend to everyone - each loan is assessed on its own merits.
  • We take all information into account when making decisions.
  • Our loans are a way of building a healthier credit history.
  • The credit union always aims to explain the true cost of borrowing and always encourages members to place money into savings at the same time as borrowing.

Loans

The Co-op Credit Union provides loans to support members with everyday expenses such as unexpected bills and car repairs as well as helping members live life to the full by offering loans for holidays and home improvements.

  • Our interest rates are competitive because we’re a not-for-profit organisation owned by members and run for the benefit of members. We’re also fair – there are no hidden charges or early repayment penalties with our loans and we also charge interest on the reducing loan balance to save you money.
  • Members are eligible to apply for an extension to their current loan whilst having an outstanding balance. All loans are subject to approval and no application is guaranteed.
  • We also help you protect your savings as your savings are available to use once they exceed your loan. Savings qualify for a dividend.
  • All loans are subject to our lending policy and affordability checks. We may, at any time, request a copy of your last 3 payslips and last 3 months bank statements. Borrowing history with the credit union is however always taken into account.

Apply for a Loan

Product APR Supporting Your Finances

Share Secured Loan

Our Share Secured Loan is a great idea if you want to make a purchase and at the same time maintain your savings. It is also ideal if you want to build or repair your credit rating. Fully secured by the shares in your credit union account, this loan offers our lowest interest rate.
4.9%
  • Very simple to organise – for example, no bank statements or payslips required.
  • Protects your savings (as the loan is paid off, your savings do become available for use).
  • Can be cleared at any time from your shares without any penalty.

Price Match Loan

Have you had a loan agreed by another provider at a cheaper rate? Send us a copy of your agreement and we will match the price to as low as 6.2% APR. Subject to approval, terms and conditions.

 From

6.9%
  • Settle the balance at any time without any penalty.
  • We are here to help you fund all aspects of your life, including helping you pay for bigger items.
  • Remember that payment plans are flexible for all our loan products – and this is particularly helpful when paying back larger loans.

Personal Loan

For all new and existing members.

 From

11.8%
  • We are here to help you fund all aspects of your life, including helping you pay for bigger items.
  • Remember that payment plans are flexible for all our loan products – and this is particularly helpful when paying back larger loans.

Consolidation Loan

Available to new and existing members

 From

16.8%
  • Take back control of your finances by consolidating your debts from other lenders with an affordable loan, leaving you with one easy to manage monthly payment.

Please see our terms and conditions and privacy policy for details on the use of your personal information by ourselves and credit reference agencies.

Apply for a Loan

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