Here at Merthyr Tydfil Credit Union, we offer a wide range of loans designed to suit your needs. You can read more about our loans and their terms and conditions below or on our loans page.
If you are interested in applying for any of our loans, simply click ‘Join & Borrow’ in the top right hand corner, to start the process.
Standard Loan – Starting from 12.9% APR
Our loans are available for new and existing members. They’re a great way to help with any unexpected bills, home updates or car costs. With affordable rates starting from 12.9% APR, our loans can help you get through a rainy day or a break away!
Family Loan – Starting from 12.9% APR
Our unique Family Loan is designed for our members that receive Child Benefit (CHB). If you’re feeling a little strapped for cash and receive the benefit, this scheme maybe the ideal choice for you. The loan has to be repaid by your Child Benefit and you would have to save a minimum of £10 per month into your savings (that’s £2 per week if you receive it weekly). The loan would also have to be repaid over the term of 12 months which makes it ideal for helping with costs of Christmas or special birthdays.
Homeowner Loan – 7.9% APR
Are you a homeowner and looking for a low cost loan? We can help.
We offer loans ranging from £5,000 to £15,000 at the rate of 7.9% APR, meaning that it’s a great way to help pay for a home update, new car or maybe even a special holiday! This loan only applies to members who have been homeowners for at least 3 years and been in employment for at least 3 years.
Secured Loans – 5.9% APR
Our secured loans work by you borrowing against your savings. For example, if you have £500 in your savings, you would be able to have a loan up to the value of £500.
This is a great way to have access to money, without you having to dip into your savings
Debt Consolidation Loans – Starting from 17.9%
If you currently have outstanding credit with overdrafts, credit cards or loans we understand that keeping track of repayments at different rates throughout the month can be difficult to control. That’s why we offer an affordable loan, which you use to clear the outstanding balances and allow you one monthly repayment at a fixed rate.