Loans
We offer loans of up to £40,000 above savings starting from just 2.9% apr, or small loans to tide you over until payday. You can apply for a loan straight away and if you work for one of the 100+ Salary Saving Scheme employer partners you get lower interest rates.
You will need to have made the first payment of not less than £20 before your loan application can be paid to you.
Unlike other lenders we will not judge you if you have had financial problems nor will we encourage you to borrow more than you need or can afford. You do not have to come into the office, simply register for online access then you can submit your low cost loan application and approve the loan agreement online and we will transfer the funds direct to your bank account.
Loans
We offer loans of up to £40,000 above savings starting from just 2.9% apr, or small loans to tide you over until payday. You can apply for a loan straight away and if you work for one of the 100+ Salary Saving Scheme employer partners you get lower interest rates.
You will need to have made the first payment of not less than £20 before your loan application can be paid to you.
Unlike other lenders we will not judge you if you have had financial problems nor will we encourage you to borrow more than you need or can afford. You do not have to come into the office, simply register for online access then you can submit your low cost loan application and approve the loan agreement online and we will transfer the funds direct to your bank account.
CHECK THE LOAN IS AFFORDABLE
ALREADY A MEMBER?
LOGIN here to apply for this loan
NOT YET A MEMBER?
REGISTER here to join the credit union and apply for this loan
PREPARING FOR YOUR LOAN APPLICATION & GUIDANCE NOTES
Preparing For Your Loan Application
CLICK HERE for a guide on how we make loan decisions.
You will need to have made your first deposit of not less than £20 before any loan approve loan application can be paid to you.
To make our lending decisions we use manual credit and affordability checks, rather than just your credit score. To do this, you’ll be asked to provide details of your employment and finances when you apply. We need these before we can make a decision on your loan. Priority is given to members who have saved a little before applying for a loan.
You should have the following ready when you apply:
- A copy of your most recent pay slip (or benefits letter)
- Your National Insurance Number
- Details of your online banking service to allow us temporary Open Banking ‘view only’ access to all your current and/or savings accounts.
(if you do not have online banking we will ask you to upload the 2 months most recent bank statements as PDF).
OUR LOAN PRODUCTS
Our loan products are designed to help you to save while you borrow
To apply for a low cost loan you must first join as a member. When your low cost loan is approved and, if you are not already a member, you must open your account with a minimum of £20 or £50 deposit to your savings account
Support with Loan Payments
If you have a loan from us and need a little help managing repayments then please call us on 0203 763 8397 to speak with one of our friendly Loan Support Officers who will find a way to help
The granting of the loan is based upon evidence of affordability. Unlike other lenders we will not judge you if you have had financial problems, nor will we encourage you to borrow more than you need. To increase your chances of the loan being approved, read these GUIDANCE NOTES and, if you can, set up your salary deduction, direct debit or child benefit savings payment before you apply for a loan.
You do not have to visit our office. Simply join 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.
