H&F Credit Union Ltd Reviews, Loan Calculator and Complaints

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Acceptance Criteria

You need: last 3 months pay slips, a utility bill from the last 3 months, benefits entitlement letters (if applicable), paperwork regarding bankruptcy, CCJs, etc (if applicable), paperwork of existing debts (if applicable) and proof of ID
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 or working in the London Borough of Hammersmith & Fulham to become a member

Loan Details

APR

14.9% - 26.8%

Representative APR

16.9%

Loan Amount

£50 - £5,000

Repayment Period

Minimum Term 6 months

Loans up to £5,000 - 3 years

Arrangement Fee

No Fee

Payment Holidays

None Available

Payout Method

Cheque

Transferred directly into your bank account

Income Protection Available

No

Areas Covered

London - West
London - South West
London
Warrington

Average Customer Review

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Loanfinder Ranking

180th for APR of 423 loans in the UK (See Lender League Table By APR)

About H&F Credit Union Ltd

You must be living or working in the London Borough of Hammersmith & Fulham 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 can apply for an Instant Loan up to £2,000 without having a savings history with them. If you do become a member, you can apply for a Saver Loan for up to £5,000.

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 office or one of their collection points or you can download it from their website (see example below). Loan officers will review your application and if granted, you may 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 can manage your loan online so if you need to make changes, you won't 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.

Monday, Wednesday, Thursday & Friday: 10:00am – 4:00pm
Saturday: 9:30am 12:30pm