Share Dependent Loan

Dumbarton Credit Union provides loans for its members.  Once you have saved for a minimum of 8 weeks you are eligible to apply for a loan.  The first loan is up to 2 x your shares up to a maximum of £2,000.00 .  Once this loan has been repaid completely and it has not been necessary to contact you regarding your repayments then you can apply for up to 3 x your shares.  

Once you have been a member for three years and had at least four loans without repayment contact then it is possible to apply for an ability to repay loan using payslips, bank statements or benefit confirmation.

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).

The interest rates are as follows:-

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)

For further information contact us now. 

For our Loan policy follow the link:-




Dumbarton Credit Union funds are used locally and ethically to help others