Capital Credit Union Ltd

[b]You must live or work in Edinburgh, The Lothians or The Borders to become a member.[/b] Credit Unions offer a variety of unsecured loans for a variety of purposes. Their loans are considerably cheap and are based on your proven ability to repay, thus why thorough checks on your income and expenditure are completed. You don't need to be a member to apply. Capital offer 3 different types of loans: Member Loan, Flexi Loan and Loyalty Advance Loan. Firstly you must become a member of the union before applying for the loan. In order to apply for a loan, you can download a form off their website (see example below). Complete this and send it to their office along with one month's proof of income and a recent bank statement (two months worth if you are applying for £,2500+). They will confirm your application and it will be passed to a loans officer for assessment. They will then call you and tell you their decision. You will then be expected to sign and return a loan agreement form. The process may in some cases take up to one week so this is not a good option for you if you need your money quickly. You cannot manage your loan online so every time you need to make a change, you need to contact them in writing. With credit unions, the money you are borrowing is the money of other members, so if you fail to make payments, they take this very seriously. Their opening hours are very limited, which makes it difficult for you to go in to organise all your documents and sign your agreement. Credit Unions are dedicated to helping you rebuild your finances if you haven't got a good history. Their rates are extremely low and their repayments are really small each month. Hamilton Place Monday to Friday - 10:00am to 4:00pm Bathgate Monday to Friday - 10:00am to 1:00pm then 1:30 to 4:00pm