Budget Loans

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
  • Free loan protection*


Loan AmountRepresentative APRLoan TermMonthly RepaymentTotal amount payable
£100017.9%12 months£91.01£1092.07
£200017.9%12 months£181.01£2184.14
£300017.9%12 months£273.02£3276.20



  • 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  • The savings balance equal to the value of your loan is used as security and cannot be withdrawn.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
  • If you have difficulty repaying your loan, download our leaflet to see your options

*In the event of your death, your loan will be paid off in full. Restrictions apply.

Contact Us

Budget loans can only be applied for over the phone. Contact us on 0141 274 9933