A loan for the expensive milestones

Claire Davies
Claire Davies
Excellent customer service from start to finish. Provided all the information needed which helped me make the right choice for me. I highly recomend South Manchester Credit Union, will definitely use them again should I need another loan in the future.
Kerry Hill
Kerry Hill
They are very helpful and always there to help me
Danene Simpson
Danene Simpson
I’ve been a Credit Union member a long time now. Absolutely excellent service and the people who run it are amazing . I wouldn’t have be able to take my son to Jamaica for 8 weeks without SMCU help . Not only affordable loans but we are saving at the same time . Thanks to all the staff at Fog lane ❤️
Chelsey marie Brown
Chelsey marie Brown
Amazing, polite and helpful service 🙂
David Austin
David Austin
This place has always been a great help when I’ve needed them. Great friendly staff always there to help in person over the phone or online even through the app.

Get Smart with a Smart Loan

This calculator is for a loan £3,000 – £15,000. 

Click here for for loans between £1,000 and £2,999.

For the more expensive milestones we offer a Smart Loan.  

You can apply to borrow £1,000 – £15,000.

We will assess your finances and perform a credit check.

The annual interest on our Smart Loan is 13.2% (APR 14%) on the reducing balance. This loan cannot be refinanced and is not linked to savings. 

A Smart Loan can be the answer to those more expensive goals that you’ve been planning for a while.

This is how it works...

Download the app

We have a fast and secure messaging app you can do everything over. Whether it’s joining, making a withdrawal or applying for a Smart Loan – it can all be done over Nivo.

Open your account

If you’re already a member, you don’t need to worry about this part.

If you’re not, we’ll need to open your account which will only take a couple of minutes.

7 simple steps

Once your account is set up, we can move onto your loan application.

We’ll walk you through 7 simple steps. We ask you about your income and credit history as well as finding the right level of repayments to suit you. 

Loan goes for assessment

Once the steps are complete – your loan will go forward for assessment.  

We ask that you allow up to 5 working days.

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.