Loans

Looking to borrow £150-£7,500?

Download and send us your application form here today! We offer competitive interest rates from 12.7-42.6% APR dependant on circumstances.

You need to become a member before you can apply for a loan, and send us 3 months Bank statements along with one form of ID. Once we have received your loan application we will be in touch with you as soon as we can.

Lockdown Savings

To promote a healthy financial future, we ask all our loan members to save while you borrow. We ask you to retrospectively save a minimum 10% of your loan value over the period of your repayments. You can withdraw your lockdown savings once your loan has been repaid, or keep in your CNCU Savings Account for next time you need a safety net.

£500 typical example

If you regularly save with us (for example your Child Benefit is paid in, or you have a Standing Order paid into your CNCU savings), are in employment or receive enhanced benefits; we can offer 26.8% APR.

If you don’t already regularly save with us, a £500 loan over 12 months at 42.6% APR would cost £50.24 per month to repay; with a total cost of credit £102.68. A well known door-step lender typically charges £436 in interest for the same £500 loan.

We have no early repayment fees, interest is calculated daily so you pay less interest if you can afford to pay you loan off sooner.

Loan calculator

Follow this link to calculate your sample repayments. It’s easy to use, choose the amount you want to borrow, how long you wish to pay it back over, and our annual interest rate.

As an example, we typically issue loans at:

  • 42.58% for non-members or higher-risk loans under £1,000.
  • 26.8% for members who regularly save with us £150-£7500.
  • 12.7% for members with a good credit history or repayment history with us and looking to borrow over £3,000.

If you have any questions, call us on: 01270 685625 between 09:00-15:00 weekdays and we’re happy to help.

Join us Today!

If you are not already a member of CNCU or you are re-opening a closed account you will need to pay a £10 into Cheshire Neighbours Credit Union before we can consider your loan. This will cover your one-off £5 membership fee and £5 of savings which must be retained until you close your account.

We are a financial social enterprise, we are your Community Bank, run by our members, for our members; this means that you can attend our Annual General Meetings and have voting rights to decide what we do and how we can support our community. With every loan, a savings account is opened with the intention that when making loan repayments; you will make a small deposit in your saving account to build up your own safety net.

You can make a payment by:

  • Bank/online transfer to: Cheshire Neighbours Credit Union

Sort Code: 08-92-50 Account number: 67000412 Reference: Your Name Loan

Pease put your full name and ‘Loan’ as a reference on the payment (for example John Smith Loan)

  • Cash at Delamere House, Crewe, CW1 2JZ from Monday to Friday 10am-12noon.
  • Or send a cheque made payable to ’Cheshire Neighbours Credit Union’ – please put your name and address on the reverse of the cheque. Cheques can take up to 10 days to clear.

Please DO NOT send cash in the post.

Get in touchring 01270 685625, email info@CNCU.org.uk or pop in to see us at Delamere House, Delamere Street, Crewe, CW1 2JZ for our face-to-face Counter Service, open Mon-Fri 10am-12pm.