Ayrshire Credit Union provides low-cost loans, with a duration and repayment amount customised to our member’s needs.
Apply for a secure loan equal to or less than your savings
Flexible loan options tailored to your circumstances
Next Step Flexible Loan
Our Next Step Flexible Loan is ideal for the next step in life
Keep it Simple Loan
Helping you simplify complex debt arrangements into one single simple loan that could save you money!
Members must be over 18 to be eligible to apply for a loan. All Loans are based on the member’s ability to repay and require an element of savings. Interest is charged on the reducing balance of the loan and there are no extra fees or early repayment penalties.
Ayrshire Credit Union offers affordable loans to its members, our interest rates range from 12.7% APR to a maximum of 42.6% APR (interest is calculated daily and on the reducing balance) and there are no penalties for paying your loan back early.
The rate of interest is dependent upon the amount you borrow and the amount you have in attached savings. For more information on how to calculate the rate of interest you are likely to be charged please contact us and we will be happy to discuss your requirements.
Members are encouraged to start saving regularly before applying for a loan, however, applications are considered based upon ability to repay. For first loan applications we will require proof of income and copy bank statements to be submitted and a credit reference check will be conducted. For more information please call our volunteers who will be happy to help.