Affordable Loans

Apply online today for an affordable loan

It’s quick and easy to get a quote using our online loan calculator below

  • Apply online (or by post due to current restrictions)
  • Competitive interest rates- much cheaper than doorstep lenders and many others
  • We check your repayments are affordable
  • No admin fees or charges for paying off your loan early
  • Interest only paid on what you have left to repay- not the amount you borrowed in the first place
  • Applications assessed on an individual basis
  • The interest you pay stays in our local community

When you apply, we aim to give you a decision within 3 working days of receipt of all information needed.

To get a Credit Union loan you must be a member- membership will start if you receive a loan. You will have your own savings account and we will ask you to start saving regularly with us.

We are a co-operative with members’ interests at the heart of everything we do- our loans are designed for our members, not external shareholders. We have lent over £12m in the last 10 years, saving local people millions of pounds in lower interest rates- keeping more money in your pockets and our community.

Our loan service is run BY members FOR members- we are local ethical and friendly, and try to help as many people as possible, including those with poor credit scores

How we use credit referencing information

Credit Reference and Fraud Prevention Agencies

We may make searches about you at credit reference agencies who will supply us with credit information as well as information from the Electoral Register.  The agencies will record details of any search whether or not this application proceeds.  We may use credit scoring methods to assist the application and to verify your identity.  Credit searches and other information which is provided to us and/or the credit reference agencies about you and anyone with whom you are linked financially or other members of your household.

This information may also be used for debt tracing and the prevention of money laundering as well as the management of your account.  In addition, we may ask you to provide physical forms of identification and/or we may telephone you to confirm you identity.

To prevent or detect fraud or to assist in verifying your identify we may make searches of group records and at fraud prevention agencies who will supply us with information.  We may also pass information to financial and other organisation involved in fraud prevention to protect ourselves and our customers from theft and fraud.  If you give us false or inaccurate information, details will be passed to fraud protection agencies.

This information may also be used for tracing and claims assessments and verifying identify.  Information held about you by the credit reference agencies may already be linked to records relating to anyone with whom you have a financial relationship such as a joint account.

More information here- Credit Union difference, regulations & privacy


Terms of Lending

All approved loans are subject to Terms and Conditions. Current terms can be found here.

Terms for Family Loan can be found here

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NOT A SCU MEMBER? Apply here

*Our Loan calculator is for illustrative purposes only.

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12% months

39.90% APR

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