1.  Apply For the Loan

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.uk 

2. Approved in Principal  

Once Right Way Credit Union has received your application, you will receive an email with instructions on how to update your bank details with the Child Benefit Agency. Your loan will be approved in principal until the CHB payment has been paid into your Credit Union account. 

3. Loan Agreement

Once your CHB payment has been received by the credit union, you will then be emailed out your loan agreement to sign.  

4. Funds Transferred

Once the loan agreement has been signed and returned we will pay the funds into your bank account. 

Terms & Conditions Apply

You must be 18 or over to apply for a loan and have been a resident in the UK for at least 12 months.

Minimum loan value £500.

First time borrowers & new members are required to save for 8 weeks (two consecutive months) before applying for a loan. To set up a standing order, please contact the office by emailing info@rwcu.co.uk

To view our Loan Policy Click Here

You must NOT be using a debt Management Company or are in the process of being declared bankrupt or entering into a Trust Deed or a Debt Arrangement Scheme as we will not be able to process the loan.

When you have a loan running your savings are held as security against your loan, this means that no share withdrawals can be processed whilst your loan balance is higher than your savings balance, share withdrawals will only be authorised at the discretion of Right Way Credit Union.

Loan applications may be subject to a credit search. 

Loan repayments will be made directly from CHB payment.

Typical APR –  34.5%

£1,000 over 12 months = £100 per month (Total Approx Interest £166.00)

After applying we will require you to supply proof of your income; please see checklist above for what proof of income will need to be provided.

For more information and further terms and conditions, please contact the office on 0141 889 7442 or you can send us an email to info@rwcu.co.uk 

If you have received arrears letters on your current loan this may affect any future borrowing. It is your responsibility to ensure your loan is paid up to date. If you are in financial difficulty, please contact us on 0141 889 7442.