Loans
Take out a Loan
Whether you're looking to borrow to help with your household expenses or for a larger purchase, we have the right personal loan to suit you. We've made it easy to borrow at a fair, affordable rate with no application fees and no early repayment charges.
Loan Applications
The Credit Union will consider loan applications from members for any worthwhile purpose. Each application is treated in the utmost confidence and will be considered on its own merits. It is credit union policy to meet the borrowing requirements of as many members as possible, subject to credit criteria.
Applications for loans are made on a standard loan application form. Loans can be applied for through the membership section of this website or by calling into our office. You can also enquire about a loan through our Loan Enquiry Form, note this is not a full loan application and is only used to gain more information on potential borrowing. Our staff will give you any assistance required. Loans will then be considered by a Loans Officer, go to the weekly Credit Committee meeting or be considered by the Board of Directors on a monthly basis.
Only members are eligible to receive loans from your credit union.
Join UsQuick and convenient
Once your loan is approved, the money can be in your account on the same day.
Flexible
Repayments can be tailored to suit your budget and can be made weekly, fortnightly or monthly.
Affordable
Interest is only paid on the reducing balance, and there are no penalties for paying your loan back early; in fact you will pay less interest too!
Fair
We will assess your ability to repay the loan based on knowing your circumstances not just your credit score. You will be assessed by a person, not a computer
What do you need when applying for a Loan?
In deciding whether or not to grant the loan the credit union will take into account the members record of savings and loan repayments, as well as ability to repay. Once the loan is granted the member will be asked to complete a Credit Agreement, which is a legally binding document being an undertaking to repay the loan, and to commit to regular repayments.
Documents required when applying for a loan
- A months current account bank statement, within the last 3 months.
- If this shows your income and expenditure, this can be used for Income and Expenditure proof. If not, you will need to provide evidence of Income e.g. payslips, accounts, benefits letter etc.
The more complete the application is, the quicker the decision is made.
Credit Committee meet every week, in order for them to review your application please ensure that you complete all relevant sections of application form and include all supporting documentation with application.
Remember - only members are eligible to receive loans from your credit union - so join up now!
Try out our quick and easy loan calculator below
Maximum Loan Term :
12.68%
12.68%
12.68%
This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors. Please note that this calculator only provides an indicative quote and actual repayments may vary.
