Affordable Loans & Simple Savings for Southwark Residents
As a credit union, we’re here for everyone, including those on low incomes, benefits and unemployed.
Example: £600 borrowed over 9 months. 42.6% APR. Total Repayable £693.54
Here to help you save, there if you need to borrow
Since 1982 we’ve been helping local people to build savings, as well as being there for them in times when they need to borrow.
- Open to anyone who lives or works in Southwark
- Borrow up to £600, even if you’re unemployed or on a low income
- Larger loans of up to £25,000 for those who are employed
- Authorised by the Financial Conduct Authority (FCA)
- Build savings while you repay
Applicants must be 18 years or older.
Calculate Your Loan
- Borrowing:
- Over: Months
- Representative: APR
- Total cost of this loan:
- Total repayable:
Other Borrowing Options
Personal Loans
Borrow from £100 to £15,000 for any purpose with fixed repayments and a clear end date (from 7.4% APR)
Child Benefit Scheme
Booster Loan
Borrow between £100 – £1,200 at 42.6% APR, including if you are unemployed or on a low income.
Heads up—we could save you serious money on interest…
Based on £600 repaid monthly over 9 months
| Lender | Rate | Total Interest |
|---|---|---|
| London Mutual Credit Union | 42.6% APR | £111.00 |
| Loans2Go | 700.00% APR | £2,601.00 |
| Morses Club | 498.78% APR | £1,747.00 |
| Cash Converters (Pawnbroker) | 155.80% APR | £451.00 |
Why Choose Your Credit Union
Great Rates
Starting at just 4.5% APR, our rates are some of the best around. There are no ‘arrangement fees’ or other hidden charges.
Apply Risk-Free
We carry out a soft credit search, which means that there is no footprint or risk of damaging your credit file if you aren’t approved.
Personalised Decisions
All loan applications are considered by our loans team, not just a computer, so we can take everything into account.
Fuly Regulated
We are regulated by the Financial Conduct Authority (FCA). This makes us a much safer option than loan sharks and other types of illegal lenders.