Home Loan

Unsecured Loan

Whatever you need a loan for, Ayrshire Credit Union is here to help. Our loan options are affordable and flexible, tailored to your circumstances. We’ll never offer you something you can’t afford, and we also offer free Loan Protection Insurance.

Interest is charged from 1% to 3% per month (12.7% to 42.6% APR) calculated daily on the reducing balance. No hidden fees or early repayment penalties. A Credit Check will be undertaken and detailed income and expenditure gathered. In addition you may need to provide extra information i.e the last 2 months payslips or award letter dated within the last 3 months and last 2 months bank statements.

  • I am over 18
  • I am a Member of Ayrshire Credit Union
  • I am looking to borrow between £100 and £10,000
  • I do not have an undischarged Bankruptcy or Trust Deed
  • I can provide proof of income

Loan Protection Insurance is a product designed to pay off any outstanding loan balance in the event of a member’s death at no direct cost to Members.

This cover means that the “debt dies with the debtor” and any savings which the member has will not require to be set against the outstanding loan balance.

Cover is provided for all eligible members’ loan balances up to £10,000 from age 18 to the member’s 80th birthday.

Conditions apply (for full information please speak to one of our volunteers).

Our Loan Protection Insurance is a unique value added benefit which gives you a level of additional cover you simply would not get with traditional banking institutions.

Loans are based on a member's ability to repay. It makes no sense to lend money to people who are unable to pay their loan back. However if members do experience difficulties in repayment Ayrshire Credit Union will endeavour to agree a schedule that will be within the member's means, at the same time ensuring the loan is repaid.