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.
Product | APR | Supporting Your Finances |
Share Secured LoanOur 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% |
|
Price Match LoanHave 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
6.2% |
|
Personal LoanFor all new and existing members. |
From
11.8% |
|
Consolidation LoanAvailable to new and existing members
|
From
16.8% |
|
Please see our terms and conditions and privacy policy for details on the use of your personal information by ourselves and credit reference agencies.