Loans from Leeds Credit Union: Tailored to You

Borrow from £250 to £20,000

Leeds Credit Union’s loans range from small loans of £250, up to large loans of £10,000 and even up to £20,000.

So whether you’re looking for additional support to pay for home improvements, a new car or simply to help you manage your bills, you could find the right loan amount to suit your needs.

We offer rates from 3.9% APR to 42.6% APR dependent on circumstances, loan amounts and our lending policy. It’s easy to apply and we aim to provide a quick, fair, affordable decision*.

Borrow between £250 - £2000

A loan for up to £2000 could be used to cover that unexpected emergency such as car repairs or your washing machine breaking down. Or, you could treat yourself to a weekend break with the kids, a new sofa or even just the latest gadget.

  • Borrow between £250 - £2000
  • Borrow over a maximum of 12 months

42.6

% APR

Loans are available to UK residents and over 18's only. Rates will vary depending on loan amount and individual circumstances*. Subject to status.

Apply now...

Borrow £2001 to £2500

A loan for £2001-2500 could be used to cover some home improvements or simply to improve your purchasing power.

  • Borrow between £2001-£2500
  • Borrow over a maximum of 24 months

38.5

% APR

Loans are available to UK residents and over 18's only. Rates will vary depending on loan amount and individual circumstances*. Subject to status.

Apply now...

Borrow £2501 to £3000

A loan for £2501-3000 could be used to treat yourself to a well deserved holiday or simply to improve your purchasing power.

  • Borrow between £2501-£3000
  • Borrow over a maximum of 36 months

34.5

% APR

Loans are available to UK residents and over 18's only. Rates will vary depending on loan amount and individual circumstances*. Subject to status.

Apply now...

Borrow £3001 to £4000

A loan for £3001-4000 could be used to cover that dream trip away, refurbish your home or simply to improve your purchasing power.

  • Borrow between £3001-£4000
  • Borrow over a maximum of 48 months

26.8

% APR

Loans are available to UK residents and over 18's only. Rates will vary depending on loan amount and individual circumstances*. Subject to status.

Apply now...

Borrow £4001 to £7500

A loan for £4001-7500 could be used to cover the wedding you are planning or simply to improve your purchasing power.

  • Borrow between £4001-£7500
  • Borrow over a maximum of 48 months

19.6

% APR

Loans are available to UK residents and over 18's only. Rates will vary depending on loan amount and individual circumstances*. Subject to status. Please note, consolidation Loans are unlikely to be at this rate.

Apply now...

Borrow £7501 to £10000

A loan for £7501-10,000 could be used to cover those refurbishments to your home or simply to improve your purchasing power.

  • Borrow between £7501-£10000
  • Borrow over a maximum of 48 months

6.1

% APR

Loans are available to UK residents and over 18's only. Rates will vary depending on loan amount and individual circumstances*. Subject to status. Please note, consolidation loans are unlikely to be at this rate.

Apply now...

Borrow £10001 to £20000

A loan for £10,001-20,000 could be used to buy your dream new car or perhaps a new extension

  • Borrow between £10001-£20000
  • Borrow over a maximum of 60 months

3.9

% APR

Loans are available to UK residents and over 18's only. Rates will vary depending on loan amount and individual circumstances*. Please note, consolidation loans are unlikely to be at this rate. Subject to status.

Apply now...

Our loan Calculator

How much do you need?

Use our loan calculator to get an idea of how much you could borrow and what your repayment terms could look like with a loan from us.

This summary is for illustrative purposes only, so as to give you, the borrower, an overview of the potential cost of borrowing. All loan decisions and actual rates are dependent upon personal circumstances. Ask for a personalised illustration. Loan products may be withdrawn at any time and are subject to availability at the time of application. Leeds Credit Union cannot be held responsible for any errors or omissions.

Credit Union Loan FAQs

Why is a Leeds Credit Union loan different?

They are tailored to you – whether you need a school uniform, to pay for a wedding, or an extension for your home, our loans are built around you. They also have competitive and fair interest rates that are capped by Credit Union legislation. We also take care when offering you a loan and unlike some other lenders, we will never encourage you to pay more than you can afford.

Who can apply for a Leeds Credit Union loan?

You can apply for a loan if you meet one of the following criteria:

  • Existing members of the credit union.
  • If you are new to the credit union you can apply too, but you must meet one of the criteria below and fill in the new member application.

New members can apply if:

  • They live or work in Leeds, Wakefield, Harrogate or Craven
  • They are a resident of certain housing associations
  • They work for one of our 'Select' employers or a Unison member in Leeds or Wakefield, or they’re a member of Unite in Yorkshire, Durham, Teeside and Northumberland - click here for a full list.

How is the loan repaid?

You can choose the period over which you repay the loan, depending on the amount borrowed. There are a number of ways in which you can repay the loan - through your bank or building society, payroll deduction from your employer, or by Benefit Direct.

How long does it take for the loan to be approved?

We always aim for a quick decision on all loans. However, it is important that you answer all questions accurately and we may ask for additional information. Decisions may take longer at peak times as our loans are very popular.

Please click here to view our Privacy Policy which also describes how your information will be used should you choose to apply for a loan.

What our customers say

“I am very happy”

I am very happy with the service provided by LCU especially during lockdown.

“Always polite”

The staff are always polite and answer any questions that you ask of them.

“Regular updates”

The regular updates and online banking is helpful.

“Professional experience”

Always a very friendly and professional experience.

“Professional on the phone”

Very helpful and professional on the phone. Website is easy to use.

“Simple to use”

Your online services and simple to use. Good to be able to check balances and apply online.

“Great service”

Great service. No issues. Effective website.

“It’s affordable”

It’s a great service for financial support and it’s affordable.