Fast-Track Member Loans

Looking to borrow under £1,000 and already a member?

CNCU now offers a “Fast Track” loan. Download and send us your application form here today! We aim to assess and approve Fast-track loans on the same business day.

Looking to borrow £1,000-£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.

We are currently experiencing a high volume of loan applications, once we have received your loan application we will be in touch with you as soon as we can. 

£500 typical example

If you regularly save with us (Child Benefit paid in, regular Standing Order into your savings) and 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 it back 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 repayment history with us (or locking down 100% of the loan value) 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’ll be happy to help.