PREMIER LOAN

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.

This 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.

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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)

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The easiest way to apply for a Premier Loan is to APPLY ONLINE.

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As part of the loan review process all applicants will be required to provide a minimum of 2 months’ bank statements for all currently active Bank Accounts (including savings accounts). The statements must be in a PDF format and can be sent either via email to: loans@croydonplus.co.uk, Open Banking or uploaded to the Nivo app. You may be asked to provide further documentation should it be required.

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IMPORTANT** If you have an existing loan product, which is up to date on repayments (not in default), you may be eligible to apply for an alternative loan product to better suit your needs.

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Our expert team is dedicated to providing personalised guidance, ensuring that you understand all of your options and choose the one that best suits your situation. (Subject to our lending criteria, as well as eligibility and affordability checks.)

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