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Islington & City Credit Union

Islington & City Credit Union

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Islington & City Credit Union has an average rating of 5 out of 5 based on 2 user reviews

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Address
Room 109, Municipal Offices, 222 Upper Street, London, N1 1XR, Caxton House, 129 St John's Way
Telephone
Fax
0207 272 8192
Email
[email protected]
 
 

Acceptance Criteria

You need:
  • 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 a bank account
  • You don't need to have a good credit history
  • You don't need to have been a UK resident for any specified length of time
  • You must be living or working in Islington or the City of London to become a member.
  • You need to be 18 years of age
  • You need: 2 most recent bank statements (if applicable), proof of income (wage slips/benefits/pension payments book), a completed budget sheet, proof of other loan balances/repayments, your most recent credit card statements (if applicable)
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Reviews
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Customer Reviews - The truth about Islington & City Credit Union

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Average Customer Review:
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(2 customer reviews)
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The most favourable review

Avoid the banks

Joe hunter, London
1 year ago

 
 
 
 
 
  price
 
 
 
 
 
  simplicity
 
 
 
 
 
  speed to payout

Hi All,I have been saving for over a year now with this lender and we applied for a loan to get away from a credit card debt - the decision was made in a couple of days and paid in the following day. Save as much as you can with them. better than the banks

Avoid the banks

Joe hunter, London
1 year ago

 
 
 
 
 
  price
 
 
 
 
 
  simplicity
 
 
 
 
 
  speed to payout

Hi All,I have been saving for over a year now with this lender and we applied for a loan to get away from a credit card debt - the decision was made in a couple of days and paid in the following day. Save as much as you can with them. better than the banks

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the best place to save

Valerie ayodele, [email protected]
1 year ago

 
 
 
 
 
  price
 
 
 
 
 
  simplicity
 
 
 
 
 
  speed to payout

this is the best place to save , they know you and your history and are always ready to help , when i could not get a loan else were they help .i'm proud to be a member of islington credit union.

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Loan Details
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Loan Details

Representative APR 12.7%
Loan Amount £50 - £5,000
Repayment Period Minimum Term 1 month

Loans up to £5,000 - 5 years
Repayment Method Standing Order

Payroll Deduction

Cash
Arrangement Fee No Fee
Payment Holidays None Available
Payout Method Transferred into your bank account

Cheque payable to a third party

Cheque you can cash at a Post Office
Representative APR 12.7%
Loan Amount £50 - £5,000
Repayment Period Minimum Term 1 month

Loans up to £5,000 - 5 years
Repayment Method Standing Order

Payroll Deduction

Cash
Arrangement Fee No Fee
Payment Holidays None Available
Payout Method Transferred into your bank account

Cheque payable to a third party

Cheque you can cash at a Post Office
Representative Example
Representative example: based on £50 over 1 month, monthly repayments of £50.50, total amount repayable £50.50. Representative APR 12.7%.

About Islington & City Credit Union

You must be living or working in Islington or the City of London to become a member.

Credit Unions offer a few different unsecured loans for any purpose. Loans from credit unions are relatively cheap and are based on your ability to make repayments, hence why they do checks on your income and your expenditure. You need to be a member and you can apply for a loan as soon as you have joined.

First you will need to become a member of the union. To apply for a loan, you need to complete the Loan Application Form (see example below), which you can pick up from an office/collection point or by downloading and completing the application form on their website. All loans are reviewed by the Loan Officer then by the Credit Committee meeting. Once your loan is agreed you will need to sign a loan agreement form adhering to their terms and conditions of the loan.

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 or go 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. Credit Unions 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, Tuesday, Wednesday & Friday: 9:30am - 5:00pm

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