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Our loan rates

More and more people are finding it increasingly difficult to borrow small amounts of money from high street financial institutions and that’s where First Choice Credit Union can help. 


The example rates below are for illustration purposes only and are subject to your affordability check.

For your personalised loan quote please contact us via your Nivo App or call  01706 215082
(data correct as at 29th April 2024)

Comparison of rates

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Data from website 04/03/2024

Advantages of taking a loan with First Choice Credit Union

  • We are a responsible lender and we offer a favourable low fixed rate interest rate compared to payday loans or doorstep lenders. 

  • Our maximum rate is 3% (42.58% APR) many rates are lower than this depending on the amount of loan

  • You can opt to repay your loan weekly, fortnightly, 4-weekly or monthly.

  • Interest rate is fixed and your repayments won’t vary.

  • Arrangements can be made for loan repayments to be made through payroll deductions.

  • If you have been turned down for a loan in the past, we may be able to help you secure a loan.

  • Your loan may be protected in the event of your death, helping protect your family from the financial burden of bereavement.

Ask us about 'Save as you Borrow' - build up a savings pot for that rainy day

  • No set up fee

  • Pay off your loan early and you will pay less interest

  • No early settlement fee

  • You may incur extra interest charges if you don't follow the repayment terms 

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