Gloucestershire Credit Union Reviews, Loan Calculator and Complaints

(1 customer review)

Average Customer Rating

Is this you?

Acceptance Criteria

You may not need to provide any documents if you have been saving with them regularly for 3 months
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

Loan Details

Representative APR

12.68%

Loan Amount

£50 - £3,000

Repayment Period

Minimum Term 6 months

Loans up to £3,000 - 3 years

Arrangement Fee

No Fee

Payment Holidays

None Available

Payout Method

Cheque

Transferred directly into your account

Cash (special request)

Income Protection Available

No

Areas Covered

Gloucester

Average Customer Review

(1 customer review)

Loanfinder Ranking

88th for APR of 423 loans in the UK (See Lender League Table By APR)
10th for Customer Satisfaction (See Customer Reviews)

About Gloucestershire Credit Union

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 after you have been saving with them for 3 months. Your first loan you can only apply for twice the value of your savings.

First you will need to become a member of the union. To apply for a loan, you need to apply in writing by completing an application, which you can get from their Barton office. All loans are reviewed by the Credit Committee. They will inform you of their decision as soon as possible.

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.

Barton Street
Tuesday: 1:00pm - 3:00pm
Thursday: 12:00pm - 3:00pm
Saturday: 10:00am - 12:00pm

[b]Brockworth Community Project[b]
Wednesday: 1:30pm-3:00pm

Matson Trinity Centre
Tuesday: 9:30am-10:30am

Matson - The Gateway
Friday: 10:00am-12:00pm

Podsmead Neighborhood Project
Monday: 10:00am-12:00 noon

Cirencester Library
Mondays: 10:00am-1:00pm

Tewkesbury
Mondays: 10:00am-1:00pm