A secure loan is when you borrow equal to or less than the value of your savings, so for example if you have £500 in your savings, rather than lifting out your savings you can borrow them.
£500 over 6 months = £85pm
Total Interest – £9.81
APR 6.9%
Once you have repaid the loan in full, you will still have £500 in your savings.
£500 over 6 months =£85 per month.
(Approx Total Interest £9.81)
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 or over to apply for a loan.
Loan Value – Minimum amount £500.
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.
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 take a loan with us, your information will be shared with credit reference agencies, which may affect your credit file. For more details on how your information is used, visit:Â www.equifax.co.uk/crain
For more information and to view our full  Privacy Notice please CLICK HERE
 If you have any queries about this loan then please do not hesitate to contact the office on 0141 889 7442 or email us – info@rwcu.co.uk
Right Way Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority 446350
