For loyal members

For loyal members

  • Enjoy a lower interest rate
  • Apply up to 4 times a year
  • Receive a bespoke Credit Level
APPLY FOR YOUR LOAN

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EXCELLENT Based on 519 reviews.
Anita Kaur
Anita Kaur
13/05/2022
Verified
Friendly and helpful service. They have the clients best interests at the forefront to ensure no unnecessary financial pressure is put on the client. Highly recommended.
Paulette Jones
Paulette Jones
12/05/2022
Verified
South Manchester Credit Union are great, every interaction with them is so friendly and the customer service great. Wether it be a general enquiry or loan application your always greeted and treated like a person and not just a number. They are very fair and don’t judge you from your past credit mistakes. Highly recommended
Leah McKnight
Leah McKnight
10/05/2022
Verified
Excellent service, very fast at getting back to you with any enquires! Very friendly& reliable, would recommend to family and friends.
Michelle
Michelle
09/05/2022
Verified
I’ve been with SMCU for a very long time they are extremely helpful the staff are lovely and I would 1000% recommend that you join.
Kayleigh Leonard
Kayleigh Leonard
06/05/2022
Verified
Excellent Service, Amiee was very informative and helpful. I would definitely recommend
S Hall
S Hall
06/05/2022
Verified
Friendly efficient customer care. Aimee was very kind and thorough. Would definitely recommend SMCU for both loans and saving. Thank you for your excellent service
Sandra Bouzidi
Sandra Bouzidi
06/05/2022
Verified
An excellent service at discretion! A super fast way with the right guidance and offer made available to me in only 2 days. I highly recommend this service. The South Manchester Credit Union have lifted a ton off my chest.
anthony cowen
anthony cowen
05/05/2022
Verified
The team have always been a great help , this occasion in particular Harry went above and beyond and really worked so hard to help me , can’t thank you enough.
Karen Anderson
Karen Anderson
29/04/2022
Verified
Very friendly and professional staff.young man coudnt help me enough going beyond, thank for a wonderful service
Lorraine Crawford
Lorraine Crawford
29/04/2022
Verified
I’ve just become a new member, i was treated professionally, staff was lovlely, and I’m very 😊

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. 

Apply now