Credit Unions promote responsible lending and do not lend more than you can afford to repay. We do this by:

  • Promoting good money management – we encourage members to save as well as to borrow
  • Providing loans with fair and reasonable rates of interest

We offer a range of products from our standard loan to our helping hand loan. All our loans include:

  • Free loan protection insurance
  • No set up fees
  • No admin charges
  • No early repayment penalties

Standard Loans

To apply for a standard loan, you will need to have saved regularly for a minimum of 10 weeks. Your first loan can be up to a maximum of £1,000 but to qualify for this amount you need to have saved a minimum of £500. Following this you can apply for a standard loan of twice the amount held in your shares.

All loan applications will be considered on an individual basis and are assessed on your ability to repay the loan. You will need to provide up to date proof of your income with your loan application. Standard loans are charged interest at 1% per month on a reducing balance (12.68% APR).

Helping Hand Loan

You can apply for this loan if you have joined as a member of Liverpool Community Credit Union and you don’t have sufficient eligible savings with us to apply for a standard loan. This loan product provides members with an alternative to having to borrow from high interest payday & doorstep
lenders Interest on this loan is charged at 2% per month on a reducing balance (26.8% APR). There is a criteria to be satisfied to qualify for a helping hand loan. If you wish to apply, please contact us to arrange an interview.

Benefits of all LCCU loans

  • Quick & Convenient – once your loan is approved the money can be in your account on the day your loan agreement is signed
  • Affordable – interest is only paid on the reducing balance, and there are no penalties for paying your loan back early, in fact you will pay less interest too!
  • Fair – you will be treated as an individual and we will assess your ability to repay your loan based on knowing you and not just your credit score
  • Flexible – repayments can be tailored to suit your budget and can either be weekly, fortnightly or monthly
  • No hidden costs – no set up fees and no early settlement fees
  • Free loan protection – as a member of LCCU you will automatically be covered at no cost to you. In the event of your death any outstanding loan balance will be cleared (Terms & Conditions apply),

Please click here to download the Loan Application.

Download Loan Application

Liverpool Community Credit Union is authorised by the Prudential Regulation Authority & regulated by the Financial Conduct Authority & the Prudential Regulation Authority. FRN: 213404