How much do you want to borrow?
£10 £5,000Over how many months?
1 months 60 monthsMonthly Repayment
Total Interest paid
Arrangement Fee
Total amount paid
12.68% - 26.8%
12.68%
£10 - £5,000
Minimum Term 1 month
Loans up to £5,000 - 5 years
No Fee
None Available
No
Bath
156th for APR of 423 loans in the UK (See Lender League Table By APR)
22nd for Customer Satisfaction (See Customer Reviews)
You must live, work of attend a place of education in South Somerset to become a member.
Credit Unions offer a few different unsecured loans for any purpose. Their loans are considerably 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 after saving regularly with them for 13 weeks.
For your first loan you can borrow a maximum of £100 or twice your savings (whichever is smaller), your second loan is limited to £300 or twice your savings (whiever is smaller), third and any following loans are a maximum of three times the members share or £5,000 (whichever is smaller).
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 one of their collection points. Loan officers will review your application and if granted, you will need to attend an interview.
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.
Henhayes Centre - Saturday: 10:00am - 12:00pm
South Street Centre - Tuesday: 10:30am-12:00pm
Crewkerne Town Hall - Tuesday: 12:00pm-2:00pm
Vicarage St Methodist Church - Friday: 9:30am-11:30am
Yeovil Labour Club - Friday: 6:30pm-8:00pm
Average Customer Review:
(2 customer reviews)
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Camelot is the best
Jade, Yeovil
5 months ago
i have been with Camelot for nearly a year now and save money weekly I have also had three loans with them, I think they are the best
Wish we had better
Phil, Yeovil
11 months ago
I have in the past, like many others, found myself short of cash, and have thought about asking Camelot for a loan.
Then I read that you need to put money in for a period of time (which is fair enough) so knew that I would need another way, and didn't find out any more.
Now I come back to see if I can invest in our local Credit Union having come...
Read full review >
South Street Centre, 20 South Street, Yeovil, BA20 1QE
01935 413 038
info@camelot.org.uk
