For loyal members

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

Be rewarded with a Saver Loan

Now that you’re a top saver, we want to reward you.

That reward comes with a bespoke Credit Level and we drop the annual interest right down to 24% (APR 26.8%). 

The interest continues to only be charged on the reducing balance – just Like the Welcome Loan.

Let’s have a quick look at an example:

If you borrow £500 from 1st July and pay £20 per week, it will be fully repaid by 6th January. You’ll pay £32.51 in interest – repaying a total of £532.51.

You can apply to refinance your loan up to 4 times a year between 1st October and 30st September. The minimum refinance is £150. 

From a sneaky bill to the fun stuff, the Saver Loan is there to help with your expenses.

This is how it works...

Enjoy the fruits of loyalty

Since you’ve continued to better your finances with us, we want to give back to you. 

Our Saver Loan gives you a lower interest rate and a bespoke Credit Level up to £3,000.

Build your Locked Savings

Your Locked Savings are a pledge against your loan. 

What you’ve built up makes a difference to how much you can apply to borrow. 

To work out how much you can apply for, we multiply your Locked Saving by 3.

Borrow within a Credit Level

A Credit Level is the maximum amount of credit that you can have with a Saver Loan. 

It is a bespoke amount designed around your finances.  

If you have a third of your Credit Level in your Locked Savings – you can top-up your loan balance to your Credit Level.

If you are still growing your Locked Savings you can top-up your loan balance to 3x your Locked Savings.

 

Apply to borrow from £150

The minimum loan you can apply for is £150.

Members have let us know that this is a handy amount to cover the cost of a broken fridge or help with the stress of unexpected bills.

Apply up to 4x a year

We found that 4 loans between 1st October and 30th September is the perfect amount. 

It’s useful for members to plan the the big things as well as  overcome any unwanted surprises.