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Revolving Credit Loans are designed to help members who require funds regularly and at short notice.

 

When weekly/monthly repayments have been made, the funds become available in your account again – like a credit card.

  • Interest charged at 1% per month
  • Access to funds as you repay
  • Free Loan Cover
  • Fixed weekly/monthly repayments

You have the option to apply for Revolving Credit in multiples of £500, between £500 and £3000.

 

Once the limit has been approved, you are able to make withdrawals in multiples of £50 when funds are available.

 

When weekly/monthly repayments have been made the funds become available in your account again – like a credit card.

 

Withdrawals can be made via the automated telephone service and the Members Area online.

 

Our Revolving Credit Loan is taken over a period of two years with the current interest rate at 12.7% APR.

Revolving Credit Repayments

 

Limit

Weekly

Monthly

£500 £6 £24
£1000 £12 £48
£1500 £18 £72
£2000 £24 £96
£2500 £30 £120
£3000 £36 £144

Member of ABCUL

Authorised and Regulated by

Regulated by

Your money is protected up to £85,000