An easy and convenient way to borrow from WCCU. Plus....if you wish to save a small amount each week this account allows you to put a few pounds aside for the rainy day.
Are you in receipt of Child Benefit?
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If so, you can apply for our Family Loan today!
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Click on the button to start your application
The Details
To apply for the loan you must be a member of West Cheshire Credit Union.
Repayments can be made weekly, fortnightly or 4 weekly depending on when your child benefit payments are processed.
Its up to you how you manage your payments once your loan payment has been made. You can either choose to save the remainder of your payment in your credit union account, save part of it or transfer the balance to your current account, the decision is yours.
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Once a set amount has been repaid there is the ability to top up the loan if needed.
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Interest payable on the loan is 42.6% APR on a reducing balance, this means that the interest you pay reduces with each payment.
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Example based on a loan of £800:
52 weekly payments of £18.50
total repayable £953.50
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All applications will undergo and affordability check. This may involve a credit reference agency check.