We make loans more interesting – with less to pay and more to play with
Borrowing from Just Credit Union is easy. Our charges are fair and each application is looked at on its own merits. Whether you’re planning to do some home improvements, change your car, book a dream holiday or pay for a wedding or any special celebration - an affordable loan from us can help you spread the cost. Members can apply to borrow any amount from £300 to £15,000 (subject to status) from only 5% APR representative). Repayments can be made on a weekly, fortnightly, monthly or four weekly basis for up to 5 years. If you should ever have any difficulty in making your regular loan repayment please talk to our friendly membership services team straightaway.
Yes. As long as you are 18 years of age or over and live or work in Shropshire or Telford & Wrekin. If you are not already a member you will need to join when you apply for your loan.
You can apply for a loan at any time. The loan amount and interest charged is subject to affordability and eligibility. Click here to find out more about Just Credit Union loans.
We encourage sensible borrowing and as a responsible lender we make sure that all our members’ loans are affordable. You can borrow anything from £50 to £15,000 with repayment plans ranging from 3 to 60 months. The amount you can borrow is based on the affordability of the loan repayment.
With each loan repayment you make a savings payment too, giving you a cushion for the future. There is no penalty for early repayment and no administrative (or other) fee will be charged on member loans.
From 3 months up to a maximum of 5 years.
We use a credit search to check the information you have given us. We take this into account as part of the loan decision.
Each loan is assessed individually on its own merits. We understand that sometimes debts can happen through no fault of your own. A poor credit history or a refusal from another organisation does not necessarily mean that your loan will be refused by us - so you should still complete the application form with all the relevant information.
We can often tell you when you come to see us whether your loan is likely to be approved.
No. There are no upfront fees or charges for arranging your loan.
The rate will depend on the amount you borrow. The minimum APR is 5.9% (subject to change) and the maximum is 42.6%. Interest is calculated from 0.58% to 3% per month on the reducing balance. Please contact us for an illustration.
Please contact us as soon as possible. We can reassess your situation and review your repayments to make it easier for you to repay your loan and continue building savings.
Yes. What’s more you will only be charged the amount of interest payable up to the date when the loan is settled - not the full term.
You can call into your nearest community branch, call us on 01743 252325 or email firstname.lastname@example.org
You can complete your loan application online or bring your completed application with you when you come for your loan interview. Don’t forget to bring all your other paperwork with proof of your income and expenditure too. If you are applying for a top up loan and do not need to see us first then you can drop off your application form at one of our community branches or our main branch in Shrewsbury.
Yes we will accept e.g. bank statements and bills printed off the internet as proof of your income and expenditure.
We can provide you with a cheque or transfer the money directly to your bank account free of charge. If you haven’t got a bank account, or would prefer to have the money paid separately we can also arrange to load your loan onto one of our Prepaid Visa Cards.
Yes you can use your benefits or pension to make your loan repayments. You can also set up a standing order or use payroll deduction with a participating employer.
No. You can apply for further top up loans after 3 months.