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Your local ethical credit union owned by its members and run for its members

Loans Loans

Take Out a Loan

Whether you're looking to borrow to help with your household expenses or for a larger purchase, we have the right personal loan to suit you. We've made it easy to borrow as little as £250 or up to £7,500 at a fair, affordable rate with no application fees and no early repayment charges.

Loan Calculator

BERKSHIRE CREDIT UNION is here to lend to our members when they need a loan, whether its for an emergency or a longer term loan. We are a flexible responsible local lender, here to help the people of Berkshire and surrounding areas.

We guarantee to be cheaper than any Pay Day or equivalent loan and on all of our loans we offer:

  • No set up fees
  • No hidden charges
  • No penalties for early repayment (you must contact head office to check the final settlement amount as interest is accrued daily)
  • Free life assurance on the loan up to the age of 70
  • Total confidentiality and a solution personally matched to you
  • Help in improving your credit score

So why not become a member today, and next time you need a loan, contact us.

Our Loans At a Glance

Standard Loan

Borrow from £250 to £7,500

  • Repayable over 6 to 60 months
  • Must be a member for at least 3 months
  • Interest rates charged from 1% to 3% (maximum) per month, depending upon the member's credit status, membership history, value of loan applied for and the repayment period required
  • Repayments to suit you - weekly, fortnightly, 4-weekly or monthly
  • No application fees or early repayment charges

Member Reward Loan

Borrow from £300 to £1,500

  • Can borrow three times what you have saved (five times for Joint Accounts)
  • Must be a member for at least 12 months
  • Must have saved regularly over the last 12 months
  • Repayable over 6 to 24 months
  • Interest rate charged is 1% to 1.5% depending upon credit status
  • No application fees or early repayment charges

Child-Benefit-Loan

Borrow either £250 or £500

  • Can borrow either £250 over 24 weeks or £500 over 48 weeks
  • Available to new members
  • Interest rate charged is 3% per month
  • Must redirect Child Benefit payments to Credit Union share account
  • No application fees or early repayment charges

Price Guarantee Loan

Borrow from £250 to £7,500

  • Repayable over 6 to 60 months
  • Must have been a member for over 6 months
  • Must have a savings balance of at least £100 or be a regular saver
  • Interest rate at or below contractually offered by a High Street bank
  • Minimum rate 0.33% per month
  • No application fees or early repayment charges

Representative Example

Borrow €750 over 18 months, repay €54.54 per month, total amount payable (including interest of €231.52) is €981.52.
Annual interest rate (fixed) is 36.0%.

Call Us:

Reception:01189585803

Finance:01189504818


Opening Hours:

Mon - Fri10:00am - 14:00pm

Visit Us:

Address:

62 Portman Road, Reading, RG30 1EA


Email:

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Berkshire Credit Union is the trading name of Community Savings & Loans (Berkshire Credit Union) Ltd Authorised and Regulated by the Financial Conduct Authority and the Prudential Regulation Autority - Firm no 457045