If you’re thinking of taking a break in the UK this summer but need a little extra to pay for it, why not talk to the Credit Union rather than building up expensive credit card debt?
Now we can enjoy holidays in the UK again, it’s a great time to think about booking yourself a break. However, for many of us, it can be too easy to rack up the bills on the credit card and end up paying them off at high rates of interest for months to come. That’s why we would suggest taking out a loan from the Credit Union instead, if you need a little extra to pay for your holiday.
We offer loans of up to £25,000 above savings, starting from just 2.9% APR, and our unique low cost ‘Saver Loan’ sees part of your regular repayments allocated to your savings account, which means that as you repay your loan your savings grow – helping you to pay for your next holiday and the one after that!
You can apply for a loan from the Credit Union as soon as you join us, but often we will reward you with even lower interest rates if you have saved with us first.
You do not have to come into our office to apply for your loan. Simply join online and/or register for online access through the members’ secure area of the website, or download the ‘London Capital Credit Union’ app for mobile devices, then you can submit your loan application online, approve the loan agreement online and we can then transfer the funds direct to your bank account.
Credit Union Director Michael Mlilo-Mabaso said: “With the year we’ve all had, many of us are looking forward to getting away for a break. Given the uncertainties of international travel, a ‘staycation’ in our own wonderful country is the best option, although even a holiday in the UK can sometimes cost a lot more than we expect.
“Rather than piling up the pounds on the credit card and ending up with the post-holiday blues when the bill lands on the mat, why not take out one of our low cost loans instead?
“With a Credit Union loan, we will never encourage you to borrow more than you need, you only pay interest on the reducing balance of your loan, and you can pay off the loan at any time.”
Click here to find out more about holiday loans from the Credit Union.
