Short-term loans


We are no longer offering CUOK Payday Loans

As of 18 May 2020 our CUOK payday loans have been discontinued. However, we still offer a range of options if you’re looking to borrow smaller amounts of money. You can use our loan calculator below to apply for a loan via our main loans process, which will take 7-14 days to process.

Or, if you’re looking for a more flexible lending option that enables you to borrow quickly whenever you need to, our new Family Saver and Salaryflex schemes could be right for you.

Calculate a Credit Union loan

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Representative Example

Monthly repayment:
  • Borrowing:
  • Over:  Months
  • Representative:  APR
  • Total repayable:

All loans are subject to affordability checks and our Terms & Conditions. Loans are offered subject to status to members aged 18 or over. The rates displayed on this page are for illustrative purposes only, and the actual amount and interest payable will be indicated in the Loan Agreement provided when we offer you a loan.

Apply for this loan

Who can apply?

Credit union loans are available from London Mutual Credit Union exclusively for people who live or work in Southwark, Lambeth, Westminster, Camden or serving members of British Armed Forces.

Live or work in Southwark, Lambeth, Westminster, Camden or Serving member of British Armed Forces and become a member of London Mutual Credit Union
Are employed and earn more than £12,000 per year
Are a UK resident aged 18 to 74
Have a current account where you pay your salary
Have a current account that includes direct debit
Have a working mobile phone and email address