How much do you want to borrow?
£50 £7,500Over how many months?
1 months 60 monthsMonthly Repayment
Total Interest paid
Arrangement Fee
Total amount paid
8.7% - 26.8%
16.1%
£50 - £7,500
Minimum Term 1 month
Loans up to £7,500 - up to 5 years
Standing order
Payroll deduction
Benefit payment direct to your account
Cash (conditions apply)
7 working days
No Fee
None Available
No
Leicester
181st for APR of 423 loans in the UK (See Lender League Table By APR)
12th for Customer Satisfaction (See Customer Reviews)
You must live or work in the county of Leicestershire or Rutland 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 but you can apply for a loan after you start saving with them.
First you will need to become a member of the union. To apply for a loan, you must complete the application form that you can download from their website (see example below) and send it to their office along with evidence of your income and outgoings (see list below). You will need to make an appointment at an office or a collection point to discuss the loan. A Loans Officer will review your application and they will let you know their decision within a couple of days.
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 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.
Pocklingtons Walk Office
Monday, Tuesday, Thursday, Friday: 9:30am - 4:30pm
Wednesday: 10:00am-4:30pm
Saturday: 10:00am - 1:00pm
Melton Mowbray Office
Monday: CLOSED
Tuesday-Friday: 9:30am - 2:00pm
Saturday: 9:30am - 1:00pm
Average Customer Review:
(4 customer reviews)
Add your own review
The most favourable review
The most critical review
amazing
F, Leicester
3 weeks ago
amazing, I've got a default on my file and not much of a credit history so my credit rating is very poor, but after showing the staff that I am responsibly clearing my debt and that my financial position has greatly improved since I was in those circumstances I was allowed a loan of £4000
Excellent service
Joanne, Leicester
7 months ago
Loan sorted quickly and they took my personal circumstances into account where everyone else would not. Thanks!
a pleasure
Louisa, Leicester
6 months ago
Took into account all my circumstances, and gave me a loan with a low apr, a low price to pay each month, and peace of mind that people are willing to help.
Excellent service
Joanne, Leicester
7 months ago
Loan sorted quickly and they took my personal circumstances into account where everyone else would not. Thanks!
1 St Nicholas Place, Leicester, LE1 5LB
0116 242 3900
enquiries@clockwise-cu.co.uk.
