Loans

The easy way to borrow money

This product was awarded a Fairbanking Mark in 2019 and held the Mark until 31 October 2021 when the Fairbanking Mark accreditation scheme ceased operating. Further information about the Fairbanking Mark scheme can be found on fairbanking.org.uk

How a credit union can provide a loan

The money that is saved by the members of a credit union is in turn lent out to other members. A credit union will take a members savings record with the credit union and their ability to pay as its main information when deciding whether or not to grant a loan. We will also carry out a credit check to see how you are handling any other credit you may have. First Rate Credit Union reserves the right to carry out further financial checks where necessary.

Benefits of Taking 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 as little as £000 or up to £000 at a fair, affordable rate with no application fees and no early repayment charges.

How To Apply

Click here to apply for a loan, or click here to download and speak with us with the Nivo app.

*Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future. **Loans are subject to approval. Terms and conditions apply. If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit in the future.

Check you are eligible for membership before applying.