Pollok Credit Union Reviews, Loan Calculator and Complaints

(1 customer review)

Average Customer Rating

Is this you?

Acceptance Criteria

You need: 2 months bank statements/1 months Post office statements, 2 months/4 weeks pay slips, benefit receipts or award letters, 2 years' accounts if self employed
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 within the 'G' postcode to become a member

Loan Details

APR

9.8% - 26.8%

Representative APR

10%

Loan Amount

£50 - £5,000

Repayment Period

Minimum Term 1 month

Loans up to £1,000 - 1 year

Loans up to £2,500 - 2 years

Repayment Method

At an office or collection point

Direct Debit

Standing Order

Payroll Deduction

PayPoint

Speed To Payout

7 days

Arrangement Fee

No Fee

Payment Holidays

None Available

Payout Method

Cheque

Transferred into your bank account

Income Protection Available

No

Areas Covered

Glasgow

Average Customer Review

(1 customer review)

Loanfinder Ranking

69th for APR of 423 loans in the UK (See Lender League Table By APR)
6th for Customer Satisfaction (See Customer Reviews)

About Pollok Credit Union

You must live or work within the 'G' postcode to become a member.

Credit Unions offer a few different unsecured loans for any purpose. Their loans are considerably 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 for 10 weeks or 3 months.

You need to become a member of the union first. To apply for a loan, you need to complete the Loan Application Form (see example below), which you can get from their office, a collection point or by downloading the form from their website. You can then send it off, along with your proof of income, to the office or collection point. All loans are initially assessed by the Loan Officer and they will ask you to attend a meeting to discuss your application.

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 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. 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.

Shawlands Branch
Weekdays: 10:00am-2:00pm

Pollok Branch
Monday, Tuesday, Thursday & Friday: 9:30pm-4:00pm
Wednesday: 11:00am-4:00pm
General Enquiries - Monday to Friday: 9:00am - 5:00pm