Our budget loans are designed to help you spread the cost of annual expenses, taking the stress out of recurring costs like car and home insurance, back to school costs and road tax. Let us know how much you’ll need over the year (between £500 and £3,000) and once approved, we’ll make that amount available for you to access as required throughout the year.
Benefits of our budget loans
Instant loan decision
Fast and easy access to your funds
Pay interest only on what you borrow
No setup charges, early settlement charges or hidden fees
Low 17.9% APR on credit limits of between £500 and £3,000
No need to reapply for a loan every time you need more funds
All loans are subject to status and meeting our lending criteria. Calls may be recorded for quality assurance and training purposes
The budget loan is repaid over 12 months with one affordable repayment. Loans are exclusive to Glasgow Credit Union members aged 18+, who must save at least £10 per month together with their loan repayment
The savings balance equal to the value of your loan is used as security and cannot be withdrawn. Terms & Conditions apply. View all loan rates
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 Fair Processing Notice
It is important that you read the Fair Processing 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.