Your Loan

How do I get a loan from First Choice Credit Union?

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Any member aged 18 and over can apply for a loan. 

Apply Online via your Caroma App  - see Member Login at the top of the page

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Or use the button to access the hard copy form.

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

The maximum loan amount you can apply for is £7,500 above your share level and all loans are granted on your proven ability to afford the repayments.

Applications will be reviewed and credit checks performed as necessary.

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​​​​​​​​​​Save as you borrow

 

With our Loans members are expected to save alongside each loan repayment. These are classed as secured shares and can only be accessed once you’ve fully repaid your loan or if your loan balance is lower than your savings you will be able to take out the difference.

You can also open additional savings accounts to save for holidays, Christmas or special occasions, etc, these savings accounts can be accessed at any time. (Subject to your loan not being in default).

This means that you would have a savings pot for those unexpected bills or for those nice treats in the future.

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Non member? Please complete the form below and one of the team will contact you