Hastings and Rother Credit Union Ltd


When your savings aren’t enough, you may need to borrow a little to make up the shortfall. Some lenders are very expensive and quick to penalise you if you fall behind on a payment .


The table below shows how much cheaper a loan can be from your Credit Union than from a legal doorstep lender; PayDay loans can cost you even more. Just imagine what an illegal loan shark would charge: 117,000% APR has been reported!


After 13 weeks of regular saving and with at least £100 in your account, you can apply for your first loan which is usually up to twice the amount you have saved up to a maximum of £500. We can be more flexible with subsequent loans.

  * interest on the outstanding balance at

     2% per month (26.8%APR)

  * no penalties for early repayment

  * flexible repayments

  * no hidden charges


   Loan  Weeks  Weekly  Interest %APR
 Total Paid
 HRCU £500
£10.92 26.8
 Provident £500
 HRCU £300
 Provident £300
         SAVE £205.43

Don't feed the loan sharks!

If you think you may have been the victim of a loan shark, you can report them in total confidence to the Stop the loan Sharks project on 0300 555 2222. You can read about some of their successes in their Newsletter.

Free Debt Advice Service

If you are having problems dealing with debt, you can get free advice from the Consumer Credit Counselling Service(CCCS) - the national debt help charity. Their free helpline is open from 8am to 8pmMonday to Friday 0800 138 1111.

Download Loan Application form

Hastings & Rother Credit Union Ltd

Jackson Hall,

Portland Place,

Hastings TN34 1QN

Tel: 01424 202651 or

07415 837722

email: info@hrcu.org.uk

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