Affordable Finance Responsibly Borrowed
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
Lewisham Plus Credit Union (LPCU) offers loans for many different purposes to members who are over 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 - this is ten times as expensive - 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 LPCU you can borrow small or large amounts over a period of usually 1-3 years but up to a maximum of 5 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 our credit history from Credit Reference Agencies. We will not lend more than our members can afford to repay.
LPCU 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.
There are several types of loan we offer:
For our full list of Terms and Conditions, please click here, or they can be found in writing at any of our branches.
Join Online today and become a member of Lewisham + Bromley Credit Union
Try our easy to use loan calculator and find the best loan deal for you.
A new low cost card based current account with many additional benefits
Smartcash is an exciting new Engage card just for young savers aged 8-16. First 500 accounts free of the usual £10 fee.
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).