Premier Loans

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Our Premier Loans are available to working members who have a good credit record. Premier Loans are available up to £7,500 loans payable up to 5 years. We will charge 13.68% APR for all our Premier Loans.

Typical example of our Premier Loan of £1000 borrowed over 12 month.

Typical interest rate (APR) Monthly repayment Total
interest
Saving on interest
Credit Union 13.68% £89 £71
Credit cards 22.30% £93 £116 £55
Typical door-to-door lenders 177% £137 £644 £573

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.

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