Mana Fara
Mana Fara
22/03/2022
Verified
They are so helpful and very polite and I’m so satisfied with them 😃
sinead duffy
sinead duffy
22/03/2022
Verified
Very helpful, polite and professional Aimee really made me feel comfortable and answered all my questions I am very happy with the service I received☺️
Neil Martin
Neil Martin
18/03/2022
Verified
Great service from SMCU and Harry in particular: really felt treated like a person rather than just a number on a computer screen. It feels like the sort of service you used to get in banks years ago. 10/10 would recommend and look forward to dealing with them again.
ERROL TUCKER
ERROL TUCKER
18/03/2022
Verified
Very satisfied with the service i received an would recommend to my friends an family 😊
claire east
claire east
14/03/2022
Verified
SMC are amazing and have helped me out so many times. They really care about their customers and I always know that they are there when times are hard. SMC are always so easy to deal with, they are fab communicators and really make you feel like your valued. Thank you for all your help over the last 6 years 🙂
Sepiso Akafekwa
Sepiso Akafekwa
08/03/2022
Verified
Needed a car loan.They were thorough with their assessments and quick and efficient. Happy with service and they processed everything ahead of the guided timeliness.
Fidelma Clerkin
Fidelma Clerkin
08/03/2022
Verified
Amazing staff!!! Nothing is to much for them they r so helpful all the time.
Neil Highley
Neil Highley
04/03/2022
Verified
A very efficient service. Staff professional and friendly. I would certainly recommend South Manchester Credit Union

Cover the costs with a Family Loan

Children can be expensive. Trust us, we know. This is why we want to give you a helping hand when it comes to certain costs that might be a little out of reach.

The Family Loan is perfect for those expenses because you can use your Child Benefit to make your repayments. This gives you the opportunity to use your other income on other things and still get some Child Benefit back too.

We understand that with the number of children you have, you receive different Child Benefit amounts. This is why we have tailored our Family Loan to what you receive:

How much can you apply for?

The annual interest on our Family Loan is 36% (APR 42.6%) on the reducing balance just like our Welcome Loan. This means with every repayment, you pay less interest!

Our Welcome Loan and Family Loan sit side by side and you can apply for just one of these loans at a time.

Sometimes, credit can be hard to come by. This is especially the case if you have a historic credit problem that has weighed you down or if you’ve not had much credit in the past to build your score. For us, we will access your finances and perform a credit check as well as look at your current circumstances to help us make a fair decision.

We are offering a Family Loan to anyone who is new to borrowing from us and not already using the services of another credit union. We want to give new people the chance to experience one of the most convenient loan options on the market.

Let's have a look at how simple it is to open an account

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South Manchester
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South Manchester
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Congratulations, you've opened an account!

Congratulations, you've opened an account!

This is how it works...

Join the credit union

First things first, let’s open your account. 

We complete an ID check to verify who you are and where you live. 

Apply for your Welcome Loan

Once your account is open, your credit union membership starts. 

This means that you can apply for your first loan!

With a Welcome Loan, you can apply for anywhere between £150 and £700.

We’ll make sure the repayments are right for you so you can have financial peace of mind. 

Sit back and relax

Your first loan will be completed within 2 working days – usually on the same day.

Whilst you’re relaxing, we’ll assess your income, spending and what you’ve got leftover. 

This helps us work towards finding your right level of borrowing. It’s important that we know how much you can repay and save so that you can get the most out of your credit union account. 

Repayments are simple

We’ll walk you through setting up your Child Benefit to repay your Family Loan. It’s really easy and only take a short amount of time. 

We're good to go

Once our assessment is complete and if your loan is approved – we’ll send over the terms of the loan that we are offering to you.

If you are happy to accept, then go ahead and sign. 

We have an agreement. 

Start to build your savings

Whilst you’re repaying your loan, you’ll be adding to your savings.

You will have two savings accounts:

  • Open Savings – savings available to withdraw up to once per month
  • Locked Savings – savings that are pledged to support your borrowing.  

Topping up your loan

After 4 months, you could apply to refinance your loan.

The process is near enough the same except there’s no credit check – instead, we just look at your recent bank transactions, loan repayments as well as your level of savings.

Be rewarded for loyalty

After a year of active membership, you can apply for a Saver Loan.

A Saver Loan rewards your membership with a lower annual interest rate of 24% (APR 26.8%) and is annually reviewed for a bespoke Credit Level.

We give our members value every step of the way.

Be rewarded for loyalty

After a year of active membership, you can apply for a Saver Loan.

A Saver Loan rewards your membership with a lower annual interest rate of 24% (APR 26.8%) and is annually reviewed for a bespoke Credit Level.

We give our members value every step of the way.