How much do you want to borrow?
£50 £7,500Over how many months?
1 months 36 monthsMonthly Repayment
Total Interest paid
Arrangement Fee
Total amount paid
12.7% - 26.8%
12.7%
£50 - £7,500
Minimum Term 1 month
Loans up to £5,000 - 3 years
Standing Order
PayPoint Card
No Fee
None Available
Transferred directly into your bank
Cheque made payable to you
Cheque to Cash (limit £800)
Credit onto your ALTO pre-paid debit card
No
Chester
148th for APR of 423 loans in the UK (See Lender League Table By APR)
You must live or work in the boundaries of Cheshire West or Chester 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 for £500 after 4 weeks regular savings. After 8 weeks regular savings, you can apply for 4 times your savings held.
You need to become a member of the union first. To apply for a loan, you need to contact their office to see if you are eligible. Complete the application form which you can get from the office, a collection point or you can download it from their website. All loans are initially assessed by a Loan Officer and the Credit Committee.
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.
For Collection Point opening times please visit: http://www.wccu.co.uk/wccunew/info.htm
Henry Place, Newtown, Chester, CH1 3HY
01244 399 006
info@wccu.co.uk
