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.uk
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.
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.
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
