Contact Oldham CreditUnion

Member Loans

OCU Member Loans are simple, affordable, flexible, ethical.

We are a responsible lender- we will never encourage you to borrow more than you can afford to repay. Our loans are very competitive, whether it’s a short term loan, a cash advance or longer term borrowing. As you repay your loan repayment, we encourage you to save as well. This provides members with increased security, growing savings and future choice. Interest is charged on the reducing balance of your loan, which means the amount of interest you pay decreases as you pay back the loan.

We consider loans for any amount between £50 and £10,000.

There are NO set up costs.

Choose to make repayments weekly or 4-weekly.

Top up loans are available for those additional borrowing needs.

Most members will qualify for FREE Loan Protection Insurance so that, in the event of your death, the outstanding loan will be repaid.

Apply via Nivo, the secure messaging app- find out more.
Apply Now

To apply for a loan, you first need to be a member of Oldham Credit Union. To join, click here.

Loans Payroll Loans Family Loans

Benefits of using us for your loan:

benefit tick

Loans from £100-£5,000

benefit tick

Rates from 12% APR

benefit tick

Repayments direct from payroll

benefit tick

Flexible repayments to suit you

benefit tick

Affordable, convenient, ethical

benefit tick

No extra charges for early repayments

benefit tick

Interest payments decrease as you repay the loan

Do I Qualify?

Members must be 18+ to apply and must have a savings account with OCU.

The interest rate will depend on a members individual circumstances and the loan amount requested.

OCU is a responsible lender and members may be asked to provide additional supporting documentation to support a loan application.

OCU may make searches at a credit reference agency to assist in the loan application process.

Customer Testimonial

"It's easier and cheaper to borrow money than at the bank  and is taken directly from my wages. The staff are friendly and professional."

Mr Durkin, Oldham

"It is a good way to save a little each week that you do not miss. It helps others, to make funds available for people to borrow at low interest rates, that would not be able to borrow from banks. The..."

Mrs Casey, Oldham

Loan Calculator

This calculator is for illustrative purposes only. The actual interest rate will depend on a members individual circumstances at the time of application.
What kind of a loan do you need?



  • Weekly


    Total Interest

  • Every Month


    Total Interest