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For members - Online application via your Nivo App or click Apply Now button below for PDF application form 

Interest Rates on our loans have not changed


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. We can offer loans for up to £7,500 to help with that small or large purchase, subject to eligibility at a fair, affordable rate with no application fees. You must be a member of the Credit Union to be eligible to apply for a loan.

Advantages of taking a loan with 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.


Interest on a credit union loan is calculated every day on the balance of the loan that day. This means that as the loan balance reduces, so does the interest paid so, in the long run, less interest is paid on the loan than most other lenders. It also means that if a member pays the loan in full, interest is charged only until that payment is made.


How can I get a loan from the Credit Union?

  • Any member aged 18 and over can apply for a loan. Application forms are available at our office or you can download the form online.

  • We will need to review the past three months bank/building society statements for any accounts held in your name.

  • The maximum loan amount is £7,500 for each member.

  • Applications will be reviewed and credit checks performed as necessary.

Online application via your Nivo App 

Just type in messages "I want to apply for a loan" and the App will guide you through the rest

Or for PDF application form click Apply Now button, print the form, complete in full and drop into our service point or email the scanned document

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