About Loans

If you need that extra bit of money for a new car, holiday, or any unexpected expense, LMCU provides a number of award winning loan products with low interest rates that are suitable for everyone. As an ethical and fair organisation, we believe that borrowing money should be a carefully thought through process, and the way we lend is built around your ability to repay.


  • With no hidden cost
  • No arrangement fee
  • No early repayment penalties is our policy.

Borrowing money when done responsibly can help build or restore a credit rating, make necessary purchases or return to higher education. We have developed a number of loan products and financial programs to suit everyone.

Note: LMCU loans are subject to our lending criteria and are assessed on your ability to repay the loan as well as our terms and conditions of membership of London Mutual Credit Union. All fees, pricing information and qualification information displayed on this page is for illustrative purposes only. Applying for a loan may affect your future abilities to take out future credit.

Compare the cost of borrowing: 

For example, a £3,000 London Mutual Credit Union Premier Loan at 13.68% APR, over a 36 month term shows that our interest rates are much lower than all the below providers:

Provider   APR  Total Repayable      Total Interest


We would save you 
John Lewis Finance 16.9% £3,781.88 £781.88* +£151.28
HSBC Personal Loan   18.9% £3,874.04 £874.04* +£243.44
Halifax Personal Loan        19.9% £3,920.01 £920.01* +£289.41
Barclay Loan 20.9% £3,966.12 £966.12** +£335.52
Amigo Loan  49.9% £5,269.32 £2,269.32*** +£1638.72
Everyday Loan      97.3% £7,234.42 £4,234.42* +£3,630.82
London Mutual CU        13.68%      £3,630.60      £630.60     

Information correct as at 3rd January 2019, comparison information from * www.moneysupermarket.com ** www.barclays.co.uk *** amigoloans.co.uk

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