No savings, no problem!
Save as you borrow
Maximum loan term – 6 years
Loans <£1,999 – 16.3% p.a. (17.5% APR)
Loans £2,000 – £4,999 – 12.7% p.a. (13.5% APR)
Loans £5,000 – £10,000 – 10.9% p.a. (11.5% APR)
No savings with Retail CU? No problem! Borrow up to £10,000 with our flexible Personal loan at competitive interest rates, and save as you borrow, you’ll have a lump sum when you’ve repaid your loan.
Our Personal Loan is available to all members with a Membership Account. New members must have made at least 1 regular payment through payroll deduction, or 1 months direct debit payments, before any loan can be considered.
Members can apply for a Personal Loan for almost any purpose. So, if you’re planning home improvements, upgrading the car or have a special occasion to celebrate, talk to us, and we may be able to help!
Please Note: If applying to Top Up, please apply for the amount you are topping up by, when completing the application. If approved, this amount will be the extra amount you receive.
*Dividends are not guaranteed. The rate payable is dependent on financial performance and voted on by members at the Annual General Meeting.
With your consent, we use Open Banking to review your income and expenditure, speeding up the assessment process and saving you time. Open Banking is safe and secure, quick, and the easy way to allow us to view your last 3 months income and expenditure. It’s an alternative to asking for copies of bank statements. For more information on Open Banking, click here.
If we cannot use Open Banking, you will need to supply us with copies of your last 3 months bank statements, before we can consider your application. The bank statements must cover the 3 months up to the date of your application, and must include your name and address*. Poor quality or incomplete copies cannot be accepted, and will delay your application. Open Banking is therefore the quickest, easiest and most secure way to provide us with the required income and expenditure information.
* If your address (or name) is different to the one on our system, we will need to see a recent, official proof of address document like a bank statement or utility bill before considering your loan application.
Use our loan calculator to see how much you could borrow and how much you would pay back.
For help and guidance on applying for a Retail CU loan and everything you need to know to guide you through the application process.
Borrowing £1,000 over 52 weeks will cost £20.87 a week. The total amount repayable is £1,085.28 which includes interest at 17.5% APR.
Borrowing £5,500 over 48 months will cost £141.88 a month. The total amount repayable is £6,810.40 which includes interest at 11.5% APR.