North West London Credit Union Reviews, Loan Calculator and Complaints

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Acceptance Criteria

You need: proof of ID, proof of address and proof of 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 live or work in North West London to become a member

Loan Details

APR

12.7% - 26.8%

Representative APR

12.7%

Loan Amount

£100 - £3,000

Repayment Period

Minimum Term 6 months

Loans up to £500 - 1 year

Loans up to £3,000 - 5 years

Repayment Method

Direct Debit

Standing Order

Payroll Deduction

Arrangement Fee

No Fee

Payment Holidays

None Available

Income Protection Available

No

Areas Covered

London
London - North West

Average Customer Review

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Loanfinder Ranking

154th for APR of 423 loans in the UK (See Lender League Table By APR)

About North West London Credit Union

You must live or work in North West London (see map below) 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 and you can apply for a loan at any point after becoming a member.

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 do over the telephone, collect from their office or one of their collection points. Loan officers or the Credit Committee 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 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.

Main Office
Monday, Tuesday & Thursday: 9:30am-12:00pm
Wednesday: 9:30am-12:00pm and 6:00pm-7:30pm

Burnt Oak
Saturday: 10:30am-12:30pm