Poor Credit Loan

A credit union will look beyond a poor credit rating when deciding whether to provide a loan. Your credit score is important, but unlike many other mainstream lenders, we look at other factors too. We are here to support people who struggle to access mainstream finance.

If your poor credit history prevents you from getting a loan at one of the big banks, but you want to avoid high-cost online lenders and payday loans companies, apply for a credit union loan.

How much can you borrow?

We suggest you limit your loan request to £3,000 if you are new to the credit union. This will improve the chances of your application being accepted.

Credit union members who save regularly and who have a good credit record can borrow up to £15,000.

How long does it take to repay a loan?

3 months to 84 months – The repayment period will vary depending on the amount you borrow and how much you can afford to repay each month. You can repay a loan in full at any time.

How much interest do we charge?

APR (%) ranges from 9.4% – 42.6% – The amount you are charged is dependent on how much you borrow and not on your individual circumstances. We do not charge any additional fees.

Try our loan calculator to see how much you can afford to borrow?