Are you searching for a local Credit Union loans finder? There is no doubt, a local credit union is one of the best ways to borrow small amounts of money when you need it and then repay at an agreed weekly rate.
Looking for Local Credit Union Loans Finder?
We do not do Credit Union loans, but this link might help you to find your local credit union.
How do credit union loans work?
There are some drawbacks though with credit unions, as before you can take out an initial loan, you need to have been with the local credit union branch for a few months and have been saving with them as well.
This builds up a relationship with the local credit union and they can see how regularly you make payments into your savings account.
The current rate of interest they charge is around 1% a month and they include life insurance cover for the amount of the loan as well.
Credit unions are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority. All deposits in credit unions are protected by the Financial Services Compensation Scheme up to £85,000.
Alternatives to a credit union loan
An alternative to a credit union loan would be a “doorstep” type loan, where the loan cash is delivered to your door and you then make agreed weekly payments to the representative who will call each week until the loan is paid off.
The doorstep lender with the most nationwide branches would be Morses Club (who also used to trade as Provident Loans).
You might also consider a payday type loan and you can click on the top Menu to be taken to the payday loans section of this website.
Have a look at everything that is on offer to you and then decide which company and which solution is best for your particular circumstances and needs.
It will all depend on the amount of the loan required, how quickly you need the loan and how long you want to spread the repayments over.
Make sure you only borrow the exact amount you need and no more. This will help to get approved easier, as first time borrowers asking for large loans can be turned down readily.
A lower loan amount also means the weekly or monthly payments will be lower too.
All the loan lenders we advertise are approved and registered loan companies, so you can apply with confidence.
All the pages on our website are also “secure” for transmitting your information if you apply. The green padlock at the top where the URL is will confirm this.
We also have unsecured personal loans to apply for and there is a link to this page in the top Menu.
If you use our application forms and fill out all the necessary information and then submit it, the system will contact each lender in turn to see if you will be accepted with them and their terms. This takes a few minutes to do.
If you get accepted online for a loan, you are able to accept it right away as well.