Just Borrow
Existing members of the credit union may apply for this loan provided that they don’t have any other outstanding loan with Lewisham Plus Credit Union.
Lewisham Plus Credit Union ’Just Borrow’ loans, are intended to be an affordable alternative to short-term loan products from online payday and instalment lenders. You can borrow between £100 and £750 and repay it over any period between 3 and 9 months.
Our interest rate will never exceed 42.6% APR and there are no penalties for early repayment – making them much cheaper than the high-cost lenders. For example, a ‘Just Borrow’ loan of £600 loan over 6 months will cost just £64.56 in interest, compared to £591.84 with Sunny (1,293% APR), or £450.26 (720% APR) with Peachy.*
*Price quotes taken from company websites on 24 February 2019. For exact quotes please refer to the company websites
The application and decision process are quick and can be accessed via this link
Further details:
The table below provides some representative examples of the costs of our ‘Just Borrow’ loans.
Just Borrow loan size |
Loan term (months) |
Monthly payment |
Interest |
Total repaid |
£300 |
4 |
£80.71 |
£22.84 |
£322.84 |
£300 |
9 |
£38.53 |
£46.77 |
£346.77 |
£500 |
4 |
£134.51 |
£38.04 |
£538.04 |
£500 |
9 |
£64.22 |
£77.98 |
£577.98 |
£750 |
4 |
£201.77 |
£57.08 |
£807.08 |
£750 |
9 |
£93.33 |
£116.97 |
£866.97 |
For more information and to apply - please click on the following link:
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Lewisham Plus Credit Union Limited is a member of the Financial Services Compensation Scheme (FSCS), complies with the Data Protection Act 1998 and is Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Firm reference number 213588. Credit Union Registration Number 295C (IP00295C at Companies House).