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.
Other Borrowing Options
Heads up—we could save you serious money on interest…
Based on £600 repaid monthly over 9 months
|London Mutual Credit Union||42.6% APR||£111.00|
|Morses Club||498.78% APR||£1,747.00|
|Cash Converters (Pawnbroker)||155.80% APR||£451.00|
Why Choose Your Credit Union
Starting at just 4.5% APR, our rates are some of the best around. There are no ‘arrangement fees’ or other hidden charges.
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.
All loan applications are considered by our loans team, not just a computer, so we can take everything into account.
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.