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The details
To apply for the loan you must be a member of West Cheshire Credit Union.
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You can apply for 4 times the amount in your savings up to a maximum of £2000.
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If your sole income is benefits the maximum we can lend is £650.
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Interest on loans up to £1000 is 42.6%.
Interest on loans over £1000 is 26.82%.
The interest payable is on a reducing balance meaning with each loan repayment the amount you pay in interest decreases.
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Example of a loan of £2000:
52 Weekly repayments of £43.55
Total repayable £252.07
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