The Co-operative Credit Union is delighted to announce the introduction of our High Value Loan. This loan offers a lower interest rate of 0.75% per month on the reducing balance of the loan.
From the 1st July 2013, all loans over £5,000 will be processed at 0.75% per month (APR – 9.4%)
As always, applications are subject to approval, and all loans for this amount require the submission of copies of the customer’s last 3 months bank statements and payslips.
Loans subjest to status, and this rate will only apply to members applying for up to 4x their shares balance, minus any outstanding loan amount.