Save for the Future
Click on Savings to find out more about how we can help you manage your savings.
Check out our Loans area to see how much you could borrow, and use the Calculator below to see how much it will cost.
Get your kids off to a good start. Help them get the savings habit with our First Savers Account.
Save direct from your salary, and you won`t even notice it`s gone! Look under Savings for more information.
If you`re on Universal Credit, then we can help to make sure your rent is always paid. See our Rent First Account in the Banking section.
To be eligible for a Standard Loan you need to be a Member first and to have saved regularly for a minimum of 13 weeks before you can apply for the loan. Loans are granted based on a member's ability to repay the loan, and can’t exceed 3 times the amount of your savings balance.
Members will be required to provide evidence about their income and expenditure and are encouraged to continue saving while repaying their loan (even if it is £1 a week) so that the habit of regular savings doesn't disappear.
The minimum loan amount is £50, and the maximum amount is £7,500.
The interest rate is 1% per month (12.67%APR)
Loans can be granted to any member over the age of 18, over a maximum period of 5 years (which can be re-paid in weekly or monthly instalments). The granting of loans is subject to the availability of funds and the approval of our credit (loans) committee.
Solway Credit Union | 23, George St | Dumfries | DG1 1EA
CURRENT OPENING HOURS Tuesday 9-5 | Thursday 9-1 | Friday 9-1
T | 01387 267200
Copyright Solway Credit Union. 2014. Site design by Alba Printers Ltd. Dumfries. www.albaprinters.co.uk
Authorised by the Prudential regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Ref No: 213901