Share Dependent Loan
Share Dependent Loan
Up to £7,499.99 - 12.7% APR (1% per month on reducing balance)
£7,500.00 - £9,999.99 - 9.4% (0.75% per month on reducing balance)
£10,000.00 - £15,000.00 - 7.2% (0.58% per month on reducing balance)
Dumbarton Credit Union provides loans for its members. This loan is dependant on your ability to repay your loan. We require proof of your income e.g. 3 months payslips, bank statments or DWP benefit confirmation.
Any shares you hold with the credit union are held as security against your loan for the duration of the loan term thereby reducing the risk to the credit union.
Dumbarton Credit Union has a Credit Committee who supervise all loan applications ensuring that we are a responsible lender by checking income and expenditure and making sure the application forms are completed correctly. They also take into account your repayment history with the credit union which can result in a reduced offer or denial of application.
Dumbarton credit union offers loans from £50.00 to £15,000.00 all of which are covered by our free Loan Protection Insurance (subject to pre-existing conditions).
- Quick decisions within 24 Hours
- No hidden fees or transactions charges
- Free loan insurance*
- No penalties for early repayment
Try out our quick and easy loan calculator below
Maximum Loan Term :
12.7%
12.7%
This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors. Please note that this calculator only provides an indicative quote and actual repayments may vary.
*Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future. **Loans are subject to approval. Terms and conditions apply. If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit in the future.
