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Solway Credit Union | The Hub | 24-26 Friars Vennel | Dumfries | DG1 2RL

CURRENT OPENING HOURS   Tuesday 9-1 & 2-5 | Thursday 9-1 | Friday 9-1

T | 01387 267200

E | info@solwaycreditunion.co.uk

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Borrow from us

I want to borrow £
for a period of months
Borrowing £
50
over
12
months will cost £4.44 per month. Your total to repay will be £53.28. Illustration APR is %.

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Are you eligible to borrow?

Standard Loans

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.

As an existing member, you can apply for a loan online here, or by downloading an application form here.

Solway Credit Union | The Hub | 24-26 Friars Vennel | Dumfries | DG1 2RL

CURRENT OPENING HOURS   Tuesday 9-5 | Thursday 9-1 | Friday 9-1

T | 01387 267200

E | info@solwaycreditunion.co.uk

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Copyright Solway Credit Union. 2014. Site design by Alba Printers Ltd. Dumfries. www.albaprinters.co.uk

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Authorised by the Prudential regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Ref No: 213901