Unify Loans are assessed on an individual basis and take into consideration a variety of factors, including affordability, previous savings history and credit history.

SMART LOANS are available for those who have not yet established a savings history with Unify. The maximum loan available is £500.00 repayable over 1 year. Interest is charged at the rate of 2% per month (26.8% APR) on the reducing balance. Once members have repaid their first loan and established a savings history, subsequent loans incur interest of just 1% per month (12.7% APR)

SAVER LOANS are available to members who have saved for at least 10 weeks with Unify Credit Union. These loans can be repaid over a maximum of three years and interest is charged at 1% per month (12.7% APR) on the reducing balance.

Examples

SMART LOAN borrow £100 pay £2.28 per week - Total Repaid £113.65

SMART LOAN borrow £300 pay £6.83 per week - Total Repaid £341.02

SAVER LOAN borrow £500 pay £10.64 per week - Total Repaid £531.69

SAVER LOAN borrow £1000 pay £21.27 per week - Total Repaid £1063.41