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

Loans Price Guarantee Loan

Price Guarantee Loan

To be entitled for a low cost Price Guarantee Loan you must have been a member for at least 6 months and have a current contractual loan offer from a High Street Bank.

How much can you borrow?

  • Between £500 and £7,500

What are the terms available?

  • BERKSHIRE CREDIT UNION will charge you interest at the same or lower rate to that contractually offered in writing by one of the following high street lenders: Barclays, HSBC, Lloyds, MetroBank, Nationwide, NatWest, Royal Bank of Scotland, Sainsburys, Santander, Tesco.
  • Minimum interest rate of 0.33% per month (APR 4.07%)
  • Repayment between 6 months and 60 months depending upon size of the loan and the offer from .

What additional benefits are included?

  • No set up or administration charges.
  • No penalties for early repayment.
  • Free life assurance on the loan up to the age of 70

What are the requirements?

You must have

  • Been an Adult member of BERKSHIRE CREDIT UNION for at least 6 months.
  • A minimum of £100 savings or are a regular saver with BERKSHIRE CREDIT UNION
  • A valid written contractual offer in your name from one of the high street lenders listed above.
  • No outstanding loan with BERKSHIRE CREDIT UNION
  • Satisfactory credit status and sufficient regular income to afford the repayments
  • UK/EU citizenship or right of UK residency

Do any special conditions apply?

  • You may have to continue to save with BERKSHIRE CREDIT UNION while the loan is outstanding
  • You may not be able to withdraw any savings without the permission of the Credit Committee until the loan is paid off.

How do you apply?

  • Complete the application
  • Supply the contractual offer made to you by one of the banks listed above that must be dated within 2 weeks of your application.

Apply now

Click to DownloadDownload Price Guarantee Loan Application Form (73.7kb)

Once you have completed the application form you should return it to us:

  • In person, at one of our contact points
  • By post, to the address listed here
  • Or by email, to reception@cslberks.org.uk

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