Low cost loans
Nottingham Credit Union provides a range of loans to suit everyone, whether you are a saver or not.
So apply today for Holidays, Christmas, Cars, Home Improvements, Pay off that expensive credit card; we aim to help you to find the most affordable loan for you.
We don’t have any set up fees or repayment penalties, there are no hidden charges. Like every other lender we need you to commit to regular payments which can be monthly, weekly or fortnightly.
You have to become a member to apply for a loan because we are a co-operative, every member is a shareholder.
Our new range of loans are as follows:
 | Robin Hood Loan From amounts of £200- £3000 If this is the loan for you the interest rate is just 2% a month. This loan is exceptionally cheaper than pay day lenders such as Provident who’s interest rate is 272.2% APR and Everyday Loans interest rate of 88.5% APR. There is no comparison to Payday loans which run at APRs in 1000's. |
 | Loxley Loan This Loan has excellent interest rates of just 19.6% APR, compared to NatWest's interest rate of 23.9% APR (based on a £2,000 loan) |
 | The Sherwood Saver Loan For people who have built up their savings with us. With this loan you must pledge a percentage of your loan amount to have access to the amazing interest rates: |
| Pledged shares as % of loan amount | APR |
| 25% pledged | 12.7% |
| 50% pledged | 8.3% |
| 100% pledged | 6.2% |
Flexicredit
£1000 - £5000
It is especially for people who have a good track record with us and want to borrow periodically without the fuss of filling in a full application each time. Similar to a credit card, you have a limit which provided regular payments are made, you can use up to the limit. The interest rate is 1% per month, 12.7% APR cheaper than a credit card or an overdraft.
 | Don’t forget to check out our link to Co-op Electrical for good value with a credit union loan – better prices and less interest than your “weekly payment stores” or in store credit – so save money today. |
