Borrow for what matters
Need a little extra money for home improvements, a dream holiday, or a new car? Our loans can help you get there, without the stress of high-cost borrowing.
Right Way Credit Union loans are a safe and affordable alternative to payday and doorstep lenders, and are competitively priced compared to many high street options.
A loan that supports your community
When you borrow with us, your money stays local. We’re not here to make profit for shareholders, so the interest you pay goes back into supporting our members and the wider community.
We’re on your side
We look at every application individually and take the time to understand what works for you. While repaying your loan, your Share 1 account will be locked until your savings balance is greater than the amount you owe. You’ll also continue saving alongside your repayments.
A quick but important note
Loans are subject to affordability checks and may include a credit search. No loan is guaranteed, and we always encourage members not to spend money until it has been received.
You must be aged 18 or over and have been a UK resident for at least 12 months. Full terms and conditions can be found at the bottom of this page.
£3,000 over 24 months =£150.50 per month.
(Approx Total Interest £612.00)
You must be 18 years or over and have been a resident in the UK for at least 12 months.
Click Here – RWCU Loan T&C (V1 02.06.25) to download full Terms & Conditions
All members must have an active savings account with Right Way Credit Union. To set up a standing order, please email info@rwcu.co.uk
The minimum loan amount is £500.
Please refer to our Loan Policy for more information.
While you have an active loan, your savings are held as security. This means share withdrawals cannot be processed if your loan balance is higher than your savings balance. All withdrawals are subject to approval at the discretion of Right Way Credit Union.
When repaying your loan, you must also make a regular contribution to your credit union savings account.
First-time top-up loans (for members with an existing personal loan) require eligibility checks. Please email info@rwcu.co.uk.
Subsequent top-up loans:
– Maximum of two top-up loans per year
– At least 33% of your current loan balance must be repaid
– No missed payments or arrears on previous top-up loans
We are unable to process loan applications if you are using a Debt Management Company, are bankrupt, entering a Trust Deed, or part of a Debt Arrangement Scheme (DAS).
Loan applications may be subject to a credit search. Your information may be shared with credit reference agencies and could affect your credit file.
For more information, visit: www.equifax.co.uk/crain
Please refer to our Privacy Notice for details on how your information is used.
If you have received arrears letters on a current loan, this may affect future borrowing. It is your responsibility to keep repayments up to date. If you are experiencing financial difficulty, please contact us as soon as possible.
Phone: 0141 889 7442
Email: info@rwcu.co.uk
