Affordable Finance Responsibly Borrowed

• No early repayment penalties
• No hidden fees or costs
• No worrying small print
• Free life insurance up to age 80 (subject to policy limits)

Find out how much you could borrow* in the click of a button using our on-line loan calculator

* All loans subject to credit status

We offer loans for many different purposes to members who are at least 18 years of age. We exist to support our members, which means that we offer extremely competitive rates compared to doorstep lenders or pay day lenders. We also seek to provide a convenient and personal service for credit union members.

Our interest rates vary from 0.5% per month (6.2% APR) up to 3% per month (42.6% APR). Some doorstep lenders charge 272.2% APR or more, and you may pay far more than this at some online lenders. This makes a big difference to the money left in your pocket.

With Lewisham Plus Credit Union you can borrow small or large amounts over a period of usually one to three years but up to a maximum of five years, with no fees, no penalty for early repayment and free life insurance (within policy limits).

When deciding whether to approve a loan application our loan officers will consider your credit history and your ability to repay, as well as information we receive about your credit history from credit reference agencies. We will not lend more than a member can afford to repay.

Our loan officers may assist you in drawing up a simple budget as part of the loan application and ask to see proof of your income in order to check that the loan you are requesting makes sense for you and for the Credit Union. You can prepare a budget by using our Budget Planner tool.

There are several types of loan we offer:

• Save As You Borrow Loan - Up to £2,000 for members on low incomes, who need help to build savings or with a poor credit record.  
• Personal Loan - up to £15,000 for members with sufficient income and an appropriate credit record.
• Loyalty Saver Loan - If you have savings with us that you don't want to touch, but want to borrow an amount less than your savings up to £10,000, we offer a Loyalty Saver Loan at a reduced rate of interest.
• Household Goods Loan - For furniture or electrical equipment up to a maximum £500 or 50% of last loan granted, and up to £100 per child for school uniforms.
  
• Consolidation Loan - between £2,000 and £10,000 for members who wish to consolidate existing debts, to make them more affordable.
• Guarantor Loans - Available in certain circumstances. Please telephone or visit one of our branches for more information.

Please click here for our Managing Your Information Privacy Notice Summary

Please click here for our Credit Reference Agency Information Notice

For our full list of Terms and Conditions, please click here, or they can be found in writing at any of our branches.