Borrowing MoneyApplying for a Loan

When can I apply for a loan?  The Credit Union welcomes Loan Applications for any purpose which will be assessed on an individual basis, subject to status.  Loan applicants must be 18 years of age or over.  Our staff will be happy to discuss your loan with you.

Download a Loan Application Form.

How much can I borrow?  What you can afford to repay!  [Click onto the loan calculator for a guide to repayments.]  It is important that you supply enough information on your application, particularly about your income and expenditure, so that we can reach a decision as quickly as possible.

How do I repay my loan?  The same way as you make deposits into your savings.  This can be through payroll deduction, by standing order, through any Post Office or PayZone outlet using your membership card, or at our office in County Hall.

What about repayment periods?  Unsecured loans can be repaid over a period up to 5 years depending on circumstances and the amount borrowed. 

What about my savings?  We ask our members to continue to save whilst repaying their loans, even just a small amount.  We may ask that your savings remain intact as collateral while you have an outstanding loan.

All loans are subject to approval by our Loans Officers or the Credit Committee.  Please do not commit any funds until your loan has been approved.