Need an affordable loan to smooth out those larger financial purchases? A Member Loan might be the perfect solution for you with longer repayment options.
Stress-free financial flexibility and security
Convenient and hassle-free fixed repayment process
Save on interest costs with no fees or penalties for early repayment
Your Member loan
- £2,501 – £20,000
- 6.2% – 26.8% APR
- 84 months max repayment term
- Loan repaid by direct debit monthly, four-weekly, or weekly
You’re eligible to apply if you…
- Are 18 years or over
- A member of GMB Credit Union
- Can provide proof of ID and regular income
- Agree to save a minimum of £10 per month
Terms & Conditions
- No fees or penalties for early repayment
- Subject to a credit search and Open Banking
- Loan Value: £5,000
- Repayment Term: 48 months
- Monthly Repayment: £131.67
- Interest: 12.7% APR
- Total amount: £6,320.11
The figures above are for illustrative purposes only the actual repayment amounts will vary subject to loan amount and term.
Why choose us?
GMB Credit Union is more than just a financial institution – we’re a community where members help each other. We make sure that money circulates for the benefit of the community by pooling member savings and then lending to other members. Support local economies and boost access to affordable credit with your GMB Union membership.