The Premier Loan is designed to encourage members with a good savings history to consider CroydonPlus Credit Union instead of other high-street lenders when borrowing for larger purchases. It is designed for the borrower with a need for a larger sum of money than is normally available through other loan products. The loan could be used to fund major purchases or projects such as a car purchase, study fees, home improvements or any other large one-off expense.
APPLICATION CRITERIA AT A GLANCE:
Membership Qualification: 12 months
Minimum Savings: £2,000
Minimum Loan: £5,000 above savings
Maximum Loan: £10,000 above savings
Yearly APR: 12.7% (1% monthly)
The easiest way to apply for a Premier Loan is to APPLY ONLINE
As part of the application process, you will be asked to provide copies of two months bank statements and two months payslips, so please ensure that you have access to these before you begin the application.
All rates and information is correct as of 1st October 2023