Glasgow Credit Union loans are exclusive to members and come with a range of added benefits. Personal loans are available from £500 up to £25,000. If you’re not already a member, join today and gain access to all of our services.
Benefits of borrowing with us
No early repayment fees
Quick and easy online application
Fixed repayments over 1 to 7 years
We help you to grow your savings alongside your loan repayments
Clear interest rates which are guaranteed not to change after application
Take advantage of our lowest ever rate Personal Loan – just 3.9% when you borrow between £7,500 – £14,999!
We also offer our Secured Against Shares Loan at 3.9% APR, that’s our lowest ever rate and it’s available on loan amounts up to the balance of savings you hold with us (min. £500, max. £25,000).
You will receive a confirmation email on completion of your loan application. In some cases, we may need you to provide more information to help us make a decision.
Loans are exclusive to members aged 18 and over, who must save at least £10/month along with their loan repayment. If you’re not already a member, it’s free to join. To be able to join, you must live or work in the West of Scotland (which includes all G, FK, KA, ML and PA postcodes), or work for one of our Employer Partners.
All loans are subject to status and meeting our lending criteria.
Please check first that you are eligible to apply:
You are aged 18 or over
You have a UK bank account in your own or joint names
You are a permanent UK resident
You have never been bankrupt or had a Court Decree
To complete your application you will need:
Your current employer's address details
Details of monthly income and outgoings
Bank or building society details (sort code and account number)
To enable us to make a decision on your loan application we will contact Credit Referencing & Fraud Prevention Agencies. This will register a search against your credit record and if your application is successful we will share the information we hold for you with these agencies. Further details are available in our Privacy Notice
It is important that you read the Privacy Notice document above. If there is anything that you do not understand, please contact us.
Please be aware that the longer you take to pay back a loan, the more you will pay back in interest. If you go for a shorter term your monthly repayment might go up, but you'll save in interest and pay back your loan faster.