East Kilbride Credit Union Reviews, Loan Calculator and Complaints

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Acceptance Criteria

You need: last 3 wage slips (if applicable), last 3 months bank statements, a utility bill not older than 3 months, recent award letters of all social security or other benefits (if applicable)
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 live or work in East Kilbride or Strathaven to become a member

Loan Details

APR

12.68% - 26.8%

Representative APR

26.8%

Loan Amount

£50 - £3,000

Repayment Period

Minimum Term 1 month

Loans up to £3,000 - 3 years

Repayment Method

Standing Order

Payroll Deduction

Cash

PayPoint

Speed To Payout

7-10 working days

Arrangement Fee

No Fee

Payment Holidays

None Available

Payout Method

Transferred into your bank account

Cheque

Income Protection Available

No

Areas Covered

Glasgow
Motherwell

Average Customer Review

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Loanfinder Ranking

221st for APR of 423 loans in the UK (See Lender League Table By APR)

About East Kilbride Credit Union

You must live or work in East Kilbride or Strathaven 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.

For the first 3 months of your membership, you can only supply for a secure loan. The next 3 months of your membership, you can apply for two times your savings. After 6 months of membership, you can apply for three times their share balance.

First you will need to become a member of the union. To apply for a loan, you can call into the office and complete an application form, you can download an application form from their website and send it their office or you can apply in person. If you are already a member you can apply online via their Member's Section. Complete an income and expenditure form before you go to save time. Loan officers will review your application and they will let you know their decision within a few days and then you will be asked to sign the loan agreement.

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.

Monday: 1:00pm - 4:00pm
Tuesday-Friday: 10:00am - 4:00pm
Friday Evening: 7:00pm - 8:00pm
Saturday: 10:00am - 12:00pm