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.
Comparison of rates
Data from website 04/03/2024
Advantages of taking a loan with First Choice Credit Union
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We are a responsible lender and we offer a favourable low fixed rate interest rate compared to payday loans or doorstep lenders.
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Our maximum rate is 3% (42.58% APR) many rates are lower than this depending on the amount of loan
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You can opt to repay your loan weekly, fortnightly, 4-weekly or monthly.
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Interest rate is fixed and your repayments won’t vary.
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Arrangements can be made for loan repayments to be made through payroll deductions.
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If you have been turned down for a loan in the past, we may be able to help you secure a loan.
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Your loan may be protected in the event of your death, helping protect your family from the financial burden of bereavement.
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Ask us about 'Save as you Borrow' - build up a savings pot for that rainy day
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No set up fee
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Pay off your loan early and you will pay less interest
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No early settlement fee
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You may incur extra interest charges if you don't follow the repayment terms
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