How much do you want to borrow?
£50 £2,000Over how many months?
1 months 24 monthsMonthly Repayment
Total Interest paid
Arrangement Fee
Total amount paid
12.68%
£50 - £2,000
Minimum Term 1 month
Loans up to £300 - 1 year
Loans up to £2,000 - 2 years
At a collection point
Standing order
5 working days
No Fee
None Available
Directly into your bank account
No
Stevenage
151st for APR of 423 loans in the UK (See Lender League Table By APR)
7th for Customer Satisfaction (See Customer Reviews)
You must live or work in Hitchin to become a member.
Credit Unions offer a few different unsecured loans for any purpose. Their loans are fairly cheap and are based on your proven ability to repay, this is why they do a thorough check of your income and expenditures. You need to be a member and you can apply for a loan at any point after becoming a member.
First you will need to become a member of the union. To apply for a loan, you need to complete an application, which you can pick up from their main office or any of the collection points. Loan officers will review your application and if granted, you will receive a loan agreement form to sign and return.
The process may in some cases take up to two weeks so this is not a good option for you if you need your money quickly. You cannot manage your loan online so if you need to make changes, you will need to contact them in writing or pop into a branch. With credit unions, the money you are borrowing is the money of other members, so if you fail to make payments, they take this very seriously. Their opening hours are very limited, which makes it difficult for you to go in to organise all your documents and sign your agreement. On the other hand, they want to help you rebuild your finances if you haven't got a good history. Their rates are extremely low and their repayments are really small each month.
For collection point opening times please visit: http://www.bscu.org.uk/
Average Customer Review:
(2 customer reviews)
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AMAZING PEOPLE THERE TO HELP WHEN YOU NEED IT!!!!
Miss quinn, Letchworth
2 months ago
Thank god for black squirrel credit union!They are such a friendly team, I've had 3 loans from them over the past 5 years and iv never onced defaulted on my payments as they set up a direct debit for me actually they did everything for me!!! The re-payments are made to suit you not them so what ever you can afford from as little as £5, An then to...
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Saved my sanity
Valerie smith, Hitchin
5 months ago
When every avenue was closed to me Black squirrel were there and went out of their way to not only give me the loan fast but even to do a bank transfer so it was in within the day..
I will never bee able to thank them enough
Paying back you pay a little extra and that gives you savings and that really is great too
23 Milton View, Hitchin, SG4 0QD
01462 642 045
info@bscu.org.uk
