Something new is hitting the road here at Right Way Credit Union and we’re really excited to share…
We’ve just launched our first ever Car Loan, designed to help our members in a way that is affordable, fair and that won’t drive your finances in the wrong direction.
Whether you’re upgrading your current car or ready for something more reliable, we’re here to help with loans up to the value of £15,000.
At Right Way Credit Union, we’re doing things a little differently.
Our car loans are designed to be simple, fair, and built around you, NOT driven by sales targets or commission.
A Smarter Way to Finance Your Car
With our new car loan, you can spread the cost in a way that works for your budget, with clear monthly payments and no hidden surprises.
No early repayment penalties
And because we’re a credit union, every decision is made with our members in mind.
You can apply for a Personal Loan in 2 ways:
Online
Follow this link – Activate Account and apply online via our Mobile App.
Download our app from the links below:
Along with your loan application we require your proof of income. This includes 2 months bank statements which you can provide through open banking by clicking here
Alternatively, you can send copies of your bank statement and other proof of income via email info@rwcu.co.uk
*Please note that we will be unable to process your loan without proof of income. Please email your proof of income to info@rwcu.co.ukÂ
In Person
If you wish to apply for this loan in our office you will have to complete a loan application form, please see Loan Application Checklist below for what you will need to bring with you.
Failure to bring the correct documentation for the loan will result in a delay.
We can only accept loan applications that have the correct proof of income.
Terms & Conditions Apply
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:Â 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:Â info@rwcu.co.uk
