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 £200 or up to £15000 at a fair, affordable rate with no application fees and no early repayment charges.
- Quick and convenient
- No hidden costs
How To Apply
*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.