Instant Loan Scheme
A new way to get credit!
Do you need a loan for holidays, school uniforms, furniture for your flat or a new washing machine? Maybe you want to save money for that special occasion or for Christmas presents?
We provide loans for any purpose, as well as savings and advice. All benefits are taken into account as income and poor credit history will not stop you from getting a loan.
Do you find it impossible to get a loan you can afford to pay back? If you can’t get credit from high street banks and are forced to make costly repayments to doorstep lenders and loan sharks, there is now another choice open to you.
Pollok Credit Union can offer affordable loans, access to money advice, savings accounts and numerous other financial services.
Our Instant Loan Scheme is aimed at giving manageable loans to people who cannot obtain conventional loans. We have set this up for anyone who lives in the “G” post code area in the hope of diverting people away from borrowing from loan sharks and doorstep lenders.
The interest being charged is the maximum by law that credit unions can charge, no more than 2% per month interest (26.8% APR) on the reducing balance of a loan.
Example
| Loan £ | APR % | Period/months | Interest £ |
| 500 | 26.8 | 12 | 67.95 |
