Glasgow Credit Union offers a number of different loan options to suit your every need!
Our regular loans are available for just about any purpose - a new car, a holiday, Christmas, celebration expenses, home improvements - you name it and we’ve probably lent to cover the cost of it!
All Glasgow Credit Union loans are based on ability to repay, and members can apply for a loan after their first deduction as long as they have a minumum of one month’s loan repayment in savings. Glasgow Credit Union can offer secured and unsecured loans and mortgages. Members without permanent work contracts should contact the office for more information. GCU can only lend to Credit Union members aged 18 and over.
Glasgow Credit Union Loans are covered by FREE life insurance (terms and conditions apply). Click here for further information.
Members with outstanding loans may only withdraw their shares if their value exceeds their loan balance and the amount they withdraw will be limited to the surplus of shares over the loan, e.g. a member with an outstanding loan of £100 and a share balance of £150 may withdraw up to £50.
| £200- £4,999: |
11.6% APR |
| £5,000- £14,999: |
9.9% APR |
| £15,000 to £20,000 |
8.9% APR |
| Secured loans of £15,000 and over: |
7.9% APR | |
Both secured and unsecured loans are available. Ask for further details.
How to Apply for a Loan
Most loans are arranged over the phone, via the secure section of the web site, or if you would prefer you can make an appointment to come into the office to meet with one of our loan officers. Appointments must be made prior to visiting the office.
Top-up Loans
A member may apply for a top-up loan at any time so long as that member’s borrowing limit is not exceeded. When applying for a top-up loan a member’s limit will be determined by his/her savings balance at that time. It is unlikely that a top-up loan will be granted for a sum of less than £200. The member’s previous loan record will be taken into account.
Please click on the link below to view our loan terms and conditions:
 Loan Terms and Conditions
Revolving Credit (Click for more information)
Revolving Credit is an alternative loan format, which has been specifically designed for members who require funds regularly and at short notice.
For our fixed and variable rate mortgages, click here
Please note, calls may be recorded for quality assurance and training purposes. | 
