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 loans, this is dependent upon saving pattern, ability to repay and the decision of the Loan Committee.
You have to be a member of Angus Credit Union in order to be able to apply for a loan. 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
Tags: loans, low cost loans