London Mutual Credit Union

Made in London, owned by Londoners

London Mutual Credit Union is a different kind of bank. We make it simple to borrow at low rates, and to build savings for the future. As a credit union, we are notforprofit, and exist to serve the community.  


Apply for a Loan


Start Saving Regularly


Use Online Banking


Visit Support Hub

Personal Loans Apply in Minutes, Borrow up to £25,000 from as little as 4.5% APR (Subject to T&Cs). Learn more

About London Mutual Credit Union

Building a bank for the whole community

At London Mutual Credit Union, we believe that everyone should have the chance to make the most of money, and to be able to use it to reach their goals.

We work to make it simple for everyone to get into the habit of saving regularly, and provide a range of affordable loans and overdrafts at low rates for the times when you need to borrow too.

  • Not-for-profit and owned by our customers
  • Regulated by the Financial Conduct Authority (FCA) and PRA
  • Your deposits up to £85,000 are protected under the Financial Services Compensation Scheme (FSCS)

Employer Partnerships

Salary deduction

Get into the savings habit or borrow at low rates with our salary deduction service. To get started, simply join the credit union, and if you work for an eligible organisation, we’ll arrange the rest.


What Others Say

For almost 40 years, we’ve helped thousands of our members make the most of money. But don’t just take our word for it.

I applied for a loan . Firstly the online application was very easy and straight forward. The application was process earlier than stated. I can categorically say the service I received was exceptional.

Lucy Customer Service Advisor

Brilliant organisation. Their loan application process is thorough but straightforward. You also save whilst borrowing too. And their APR rates are competitive compared to big banks. I’ve been using them for years. No complaints whatsoever.

Mahota Administrator

I didnt expect to be helped so quickly and efficiently. Thank you all so much for your understanding that not everyone is savvy doing things on their phones.
Thank you also for your patience in dealing with my case..

Rita Receptionist

I was impressed by speedy responses. Beautiful follow up emails made me feel this Credit Union truly appreciated having me as a member- that I was important to them. Thanks LMCU, God bless you..

Isolyn Retired

Having never applied for a loan before, I was anxious doing this for the first time particularly as this was for a significant sum. The team at LMCU have been fantastic, putting my mind at ease from the start and keeping me updated daily (Monday to Friday) on the status of my application.

Luke Royal Navy


A very easy step by step process to follow. I would highly recommend to anyone looking for a brilliant loan with very low interest rates.

Danny Royal Air Force

Get a £2,000 overdraft when you save regularly into your credit union account

Introducing Salaryflex — a flexible overdraft built around your salary, from a lender you can trust.

Example: £2000 credit limit 19.6% APR

Awards & Recognition

News & Updates


How to go debt-free in 2022…

How to go debt-free in 2022…

Do you want to become debt free in 2022? If you do, then here are our need to knows on Consolidation Loans

How It Works

Getting started is simple. Join or apply online, in just a few minutes and we’ll take care of the rest


Become a member

Join online and start saving straight away, or do it at the same time as you apply for a loan.


Save regularly

Whether you are here to borrow or save, we’ll encourage you to save regularly.


Salary deduction

If you work for an eligible employer, your savings or loan repayments will be deducted directly from your salary.


Manage your money

Check your savings or loan balance at any time using our mobile or web apps or by SMS.