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Tel: 01604 250016 Email:

19 August 2017
How our loans work

We offer a variety personal loans for our members. The maximum amount we lend is £7,500 above any savings you are willing to ďpledgeĒ with us for the duration of your loan term.

The interest rate, amount of loan offered and loan term is dependent on your status, which is a combination of your general credit history, your history with the Credit Union, and your ability to afford the repayments. Our rates vary from 12.7% APR for those wishing to borrow larger amounts, to a maximum of 42.6% APR for those with adverse credit history. For a comparison check, please refer to this Click to Download  Loans Leaflet (401.1kb).

Take a look at our loan calculator to get an idea of how much a loan from NCU would cost you.

The repayment period on our loans can be up to five years. You can repay any loan you take through standing order, benefit deduction or payroll deduction.

One of the advantages of a loan with us is that we do not have early repayment charges, you will be able to pay off all or part of your loan without incurring extra costs, saving you money.

Interested in applying? Complete our Online Loan Application.

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Northamptonshire Credit Union Tel: 01604 250016 Email: Web:
Northamptonshire Credit Union is authorised by the Prudential Regulation Authority & regulated by the Financial Conduct Authority & the Prudential Regulation Authority (FRN 213810)