Personal Loan
Personal loans up to £10,000 are offered to members with sufficient income to afford the loan and a fair to good credit record.
Personal Loan representative examples:
Loan Size |
Loan Term (Mths) |
Monthly payment |
Cost of credit |
Total repaid |
Interest rate % (APR) |
Minimum monthly net income * |
£500 |
12 |
£47.28 |
£68 |
£568 |
26.8 |
£1,000 |
£1,000 |
12 |
£94.56 |
£135 |
£1,135 |
26.8 |
£1,000 |
£1,000 |
24 |
£52.88 |
£269 |
£1,269 |
26.8 |
£1,000 |
£1,500 |
24 |
£79.31 |
£404 |
£1,904 |
26.8 |
£1,300 |
£2,000 |
24 |
£99.85 |
£397 |
£2,397 |
19.6 |
£1,300 |
£3,000 |
24 |
£149.78 |
£595 |
£3,595 |
19.6 |
£1,300 |
£4,000 |
36 |
£132.86 |
£783 |
£4,783 |
12.7 |
£1,950 |
£5,000 |
36 |
£166.08 |
£979 |
£5,979 |
12.7 |
£1,950 |
£7,500 |
48 |
£186.64 |
£1,459 |
£8,959 |
9.4 |
£1,950 |
£10,000 |
60 |
£207.59 |
£2,455 |
£12,455 |
9.4 |
£1,950 |
* Net Income is the amount of pay you receive each month, after tax and any other deductions. Salary / wages is counted as income. For loans under £1,000 most state benefits may also be counted. However, Housing Benefit / Local Housing Allowance is not counted as income for loan purposes.
Apply on-line or Download Loan Application Form
Fast Track Application (max £500) Top-up to existing Personal Loan
When you apply for a loan in person, you will need to provide proof of your income, ID, and current address . You will also need to bring proof of ID and address again when collecting the loan. If necessary, we may also ask for bank statements, evidence of debts or other information to inform our loan decision. Before your loan is issued we will ask you to provide evidence that you have made arrangements for regular electronic loan repayments.
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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).