Loans in Arbroath
Loans in Arbroath
If you live in Arbroath then you might need to find loans in Arbroath. When choosing a loan there are different options, but most of them are quite high in interest. One place you may not have thought of is Angus Credit Union.
Angus Credit Union is a non-profit banking institution set up to benefit people who live or work in Angus. We offer low cost loans in Arbroath, which usually are given at 12.68% interest rate. One difference between our loans in Abroath and other loans is that our loans aren’t front-loaded – we don’t add on a pile of interest when you take out the loan.
Here are some sample loans in Arbroath for you to compare:
Angus Credit Union – 12.68%
Provident Personal Credit – 272.2%
Greenwood Personal Credit – 433.4%
Shopacheck – 399.7%
(Interest rates checked on 3rd May. 2011)
As you can see, interest rates for loans in Arbroath vary a lot! Angus Credit Union has a mission to help people in Angus stop paying really high rates of interest and help them get out of debt. Contact ACU today to find out how you can get more information about our low cost loans in Arbroath.
Starter Loans in Arbroath
Fact: Our Starter Loans, which benefit a number of our members, a £100 loan, repaid over 12 weeks only incurs £2.25 in interest!
So, why not give us a call? The next time you are looking for loans in Arbroath, call Angus Credit Union on 01307 463388.
Loans in Arbroath
Save for a Rainy Day with Angus Credit Union
Saving money for a rainy day has become a rare thing in Scottish society. More common is to “buy now – pay later”. This kind of thinking has led a large percentage of our population to end up in debt.
Angus Credit Union has the vision to see the habit of saving up become popular once more. We have a Junior savings scheme called Smiley Savers which is helping to educate children about money and offers a savings scheme which can be fun and easy to use in local Angus primary schools.
However, children learn the most at home. They are only at school for 20-30 hours a week, and at home for the rest of the week! By modelling good money habits you can really make a difference to how your child will manage in the real world when they grow up.
Why not start saving up NOW for your summer holidays, new washing machine, birthdays or Christmas?
How to save with Angus Credit Union
We make it easy to save:
1. Standing order: most of our members set up a Standing Order with their bank to automatically save money each month.
2. Angus Council Access Offices: We have a partnership with Angus Council who will accept deposits into your account.
Start Saving Today!
Download our Application form today and start saving right away.
We also offer Low Cost Loans!
Angus Credit Union offers fabulous rates on our Low Cost Loans. If this is something in which you are interested why not give us a call or find out more information how we can help reduce your interest payments.
Low Cost Loans from Angus Credit Union
All about our low cost loans
How much do your loans cost and how much can I borrow?
For starters, there are NO arrangement fees with any Angus Credit Union loan. The maximum any credit union in the UK will charge is 2% on decreasing balances. ACU will charge 12.68% APR (1%) on most low cost loans; this is dependent upon saving pattern, ability to repay and the decision of the Loan Committee.
Am I eligible to apply for your low cost loans?
You have to be a member of Angus Credit Union* in order to be able to apply for our low cost loans. Once you have been saving regularly (8 weeks or 3 monthly payments) you are eligible to make a loan application.
As a guide, you can borrow up to 3 times your savings with Angus Credit Union. So, if you have £100 saved, you can borrow up to £300.
Download the Loan Application here
Low cost loans from Angus Credit Union – Why use a doorstep lender when you have a lender on your doorstep?
* In order to be a member of Angus Credit Union you need to be living or working in Angus. Once you are a member we offer a variety of services including a Savings Account, Low Cost Loans and other benefits including special discounts at local retailers
Payroll Deductions
Angus Credit Union offers a Payroll Deduction savings program to businesses in Angus. This is already working for NHS Tayside, Angus Council, as well as some other companies in our area.
Easy to set up, easy to operate, and a great way for businesses to offer a savings scheme to their employees.
Don’t forget, Angus Credit Union is a community based financial institution, serving local people who live and work in Angus. By supporting ACU you are also being a community minded company!
Smiley Savers
Smiley Savers is Angus Credit Union’s Junior saving scheme.
Angus Credit Union believes that most young people in Scotland have lost the habit of “saving their pennies for a rainy day”. The Smiley Savers encourages children to save a little money each week, and has a programme which can be used in local primary schools as part of the financial education part of the school curriculum.
If you are under 16 and wish to become a member (or if you would like to open an account for a young person you know) then please print off the form below and send it to Angus Credit Union.
