Applying for a loan with Clackmannanshire Credit Union

One of the main benefits of being a member is the ability to obtain a loan for a worthwhile purpose.

What sort of loans are available?

Clackmannanshire Credit Union offers Secured and Unsecured Loans.

If the proposed loan balance is lower than the share balance, the application would be for a Secured loan.

The interest rate for an Unsecured loan is 12% (APR =12.68%)

A Secured loan has an interest rate of 8% (APR =8.34%)

Who can apply?

A Secured loan can be granted instantly by any officer of the Credit Union.

Any adult who has been a member for a minimum of three months is eligible to apply for an Unsecured loan. Please note, however, that no member is entitled to a loan and that each application is considered on its merits.

How are loan applications decided?

Applications for unsecured loans are considered by the loan committee who meet on a Wednesday afternoon. The factors that are taken into account include:-

  • Length of membership
  • Share balance
  • Household income and expenditure
  • Savings history (e.g. how regular have the savings been?)
  • Loan history of previous loans (e.g have there been arrears with a previous loan?)

Application forms for loans

Here are the application forms for both secured and unsecured loans. Simply print out the form, fill it out and send it off to us. If you have any questions feel free to get in contact with us.

Unsecured loan form

Secured loan form

Should you join and obtain a loan, you may find it convenient to make repayments directly from your bank account via standing order. Simply download and fill out the Standing Order Mandate and return it to your bank.


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