Affordable loans
tailored to your needs
- Fair APR
- No hidden costs
- No early repayment penalties
Find a loan and apply online today.
Take advantage of our fair priced loan products. With no arrangement fees or penalties for early repayment, we have a range of affordable loans which are tailored to meet your needs.
Am I eligible?
If your current situation meets the following criteria you may be eligible for one of our loans.
You must live or work in:
The locality of Birmingham “B” Postcodes
The County of Warwickshire
Coventry Metropolitan District
Sandwell Metropolitan District
Lichfield District Council
Cannock Chase District Council
East Staffordshire Borough Council
South Staffordshire Borough Council
You must not be subject to a bankruptcy order, IVA, debt relief order or have unsatisfied CCJs less than two years old from application on your credit report.
Please note payroll loans are priced with APR ranging from 12.7% APR to 19.6% APR – (subject to criteria ).
Personal loan applications require a 6 months saving history with Citysave.
The Family Loan requires the initial benefit payment to be made before the loan amount is disbursed to the bank account.
FAQs
Can I have more than one loan?
Members are eligible to have more than one loan, but the Credit Union will not accept more than one application in any one month period and will not provide more than two loans to any member at any one time.
How much can I borrow?
The maximum total borrowing at any one time is £15,000 per member.
How long do I have to repay?
Maximum loan length is 5 Years (2 years if the purpose is for a Holiday)
How do I receive the money?
Payments are made by bacs transfer or loaded onto a pre-paid debit card for security purposes.
Are there any costs to apply for a loan?
There are no hidden costs – we do not charge any arrangement fees or any repayment penalties on any of our loans.
How do you know if I'm suitable for a loan?
All loans are assessed using a range of appraisal tools determined by the Credit Union as appropriate from time to time. We will credit search all loan applications, and we share credit information with credit reference agencies under our privacy policy. We reserve the right to decline applications.
What ways can I repay my loan?
- Payroll deduction from participating local employers
- Direct Debit to make regular payments
- Benefits to be transferred
When will I know if my application was successful?
Once we have all the information for your loan assessment, we aim to come back to you with a decision within two working days. We may ask for evidence of income.
Are the loans based on what I have saved?
No – Each loan is assessed on credit profile and affordability. The amount you borrow is not linked to how much you have saved