Drumchapel Community Credit Union Reviews, Loan Calculator and Complaints

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Acceptance Criteria

You need: full details of your income and expenditure
You don't need to have a good credit history
You need to be 18 years of age

It doesn't matter if you are employed, unemployed, on benefits, a carer, a homemaker or on Job Seeker's Allowance, anyone can apply
You don't need to have been a UK resident for any specified length of time
You don't need to have a bank account

You must be living in the G15 postcode area to become a member

Loan Details

Representative APR

12.68%

Loan Amount

£50 - £5,000

Repayment Period

Minimum Term 1 month

Loans up to £5,000 - 5 years

Arrangement Fee

No Fee

Payment Holidays

None Available

Payout Method

Cheque

Transferred directly into your account

Income Protection Available

No

Areas Covered

Glasgow

Average Customer Review

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Loanfinder Ranking

112th for APR of 423 loans in the UK (See Lender League Table By APR)

About Drumchapel Community Credit Union

You must be living in the G15 postcode area 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 at any time.

First you will need to become a member of the union. To apply for a loan, you must complete the Loan Application Form that you can get from their office. You will need to provide documents to prove all of your income and expenditures, also for identification. The Credit Committee will review your application and they will let you know their decision within a few 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 can manage your loan online so if you need to make changes, you don't need to contact them 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.

Main Office
Monday & Tuesday: 9:30am - 4:00pm
Wednesday: CLOSED
Thursday: 9:30am - 4:00pm and 5:30pm - 8:00pm
Friday: 9:30am - 4:00pm

Library - Cash collection only
Monday: 10:30am-12:45pm
Friday: 12:00pm-2:45pm