Loans
We are unique
As a member of Metro Moneywise Credit Union you are eligible to apply for £20,000. APR rate is dependent on the amount you apply for and your credit worthiness.
If you employer is one of our payroll partners, payments can be made directly from your salary which provides peace of mind. We work closely with our members to find a term suitable and affordable for them.
If you are running a loan with us you must keep a minimum of two loan repayments in your savings (Share 1), this is as per our Share to Loan Policy. If you wish to save more and have access to it whilst running a loan you can save extra into a Share 3 account.
However if the account goes into default all savings are secured against the outstanding balance.
Interest is charged on a reducing balance and there are no penalties for early settlement. Term of the loan can be changed to pay back quicker or alternatively if you find you are struggling with the repayments please contact the team asap and we can reschedule the loan over a longer period to make the repayments more affordable.
Everyday Loan £100 up to £2,000 - 19.6% APR
From everyday purchases to the bigger things in life we have a loan to suit you.
Premium Loan over £5,000 up to £20,000 - 6.2% APR
For those larger purchases where your credit score and affordability is good our Premium Loan is hard to beat.
Aspire Loan from £2,001 up to £5,000 - 12.7% APR
At Metro Moneywise we understand that you can have bumps in the road when it comes to your finances, so our Aspire Loan could be the right product for you.
Savings Secure Loan from £5,000 up to £25,000 - 3% APR
If you have at least £5000 in your savings and would like to use your savings as security against your loan, you could borrow up to double your savings at a great low rate.
Debt Consolidation Loan up to £5,000
If you have high rate loans or credit cards, you could be better off with our Debt Consolidation Loan.
Credit union loans UK workers can rely on
Whether this is your first credit union loan or not, we’ll give you the support you need to make an informed decision and ensure you can make repayments in a manageable way. Your credit union loan application will be processed fast so you can get on with the important things in life.
To apply for a credit union loan, you must be a member with us, and to be a member, your employer must be one of our partners. Find out if your employer is a partner and Join Metro Moneywise quickly in a few steps. Or, download our app for the fastest way to apply for a credit union loan or a top-up loan online.
We can help you make the right decision
If you have questions about our credit union personal loan requirements, limit, approval time, credit score, and our own credit union loan terms, don’t hesitate to contact us. A member of our team will be able to answer your questions. Talk to us about credit union debt consolidation, credit builder loans, and credit union loan protection insurance to find out how we can help you.
Or you can browse our blog, where we post tips, tricks, and resources to help you learn about loans from credit unions and manage your finances.
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