We understand financial worries can feel overwhelming and really weigh you down. We know too, that money worries can have a direct link to poor mental and physical wellbeing.
If you struggle with multiple payments out, high interest balances that feel never ending, a Credit Union consolidation loan might be something to consider.
Money worries can be so stressful – consolidating your creditor payments may alleviate some of this stress and help significantly in terms of your outgoings. You don’t need to have fallen behind in payments for a consolidation loan to be right for you.
Members can apply for a consolidation loan, as long as they have been in employment for at least 1 year or have previously borrowed an introductory loan from the Credit Union.
Our members can apply for a consolidation loan, starting at £5,000 – £20,000 at the fixed interest rate of 17.9 % APR.
Our experienced team will be able to help determine whether a consolidation loan is the best option for you and if not, they will guide you in the right direction.
As a responsible lender, we cannot guarantee loan outcomes; all loan applications are subject to affordability and sustainability checks, including credit check.
How to apply
If you would like to apply for a consolidation loan, you can download a loan application form for printing here. If you are unable to print this off please call the office and we can post one to you. If you are local, you can always pop into our office and complete there and then.
We will also need – x2 most recent wage slips, sight of most recent, full month’s bank statement (for applications of £5,000 and over).
Why Choose Us for a Consolidation Loan?
– Fixed Interest Rates – the rate advertised, is the rate you’ll get – we price the loan, not the member.
– Balances paid to creditors direct, by us, for your peace of mind.
– No Hidden Fees – no set up fee or early repayment penalties.
– Free Loan Protection – as with our other loans, the consolidation loan is covered by our free loan protection benefit (up to a maximum balance of £20,000, Ts & Cs apply)
– Easy Application -Apply online or visit us in person—whichever is easier for you!
– No automated lending decisions; all loan applications get our personal touch.
If you wish to discuss a consolidation loan before submitting application, please contact us at enquiries@transportcu.co.uk and we can arrange a call back or email from our designated department.
📞 Call us at 0141 221 7474
🌐 email us at enquiries@transportcu.co.uk
🏢 Visit us at 186 Argyle Street, Glasgow, G2 8HA
Talk to us and let us help you get back on track.