loan pig

Ethical Loan

  • Interest rate is 1.5% per month (19.6%apr)
  • Available from £3,000 to £5,000
  • Repayment term can be up to five years

Ethical Loans are available to members based on their ability to repay

 
Loan AmountRepaymentPeriodTotal Repayable
£3000£192.42 month18 months£3445.51
£3000£149.78 month24 months£3594.50
£4000£166.56 month30 months£4996.68
£5000£180.77 month36 months£6507.34

examples are for illustration purposes only

What do I need to apply?

  • You must be a member
  • A loan application form must be filled in with all sections completed and signed
  • You must provide evidence showing your proof of income and outgoings(see list of required documents)
  • All the information provided by you must be true and complete
  • Make a commitment to continue saving regularly
  • You must be at least 18 years old
  • If applying for your first loan we may restrict the amount loaned
 

List of evidence required

Proof of Income

 
  • Your last three months bank/building society statements or your most recent Post Office Statement
  • Your last three months wage slips
  • Letters from relevant authorities showing the amount of benefit you receive
 

Proof of outgoings

If you do not pay bills through your bank you will need to provide evidence of some or all of the following:

  • Mortgage/Rent/Council tax payments
  • Gas/Electricity/Water Rates bills or receipts
  • TV licence plan/receipts
  • Store/Credit card statements
  • Insurance payments
  • Catalogue payments card or payments books
  • Payment cards or books from other lenders

We will conduct a credit history check as part of the loan application process

 
 
The Lincolnshire Credit Union Ltd trading as Lincup is authorised and regulated by the Financial Services Authority (FSA) Firm No: 213763
We are members of the Financial Services Compensation Scheme , The Financial Ombudsman Service and ABCUL
Registered Company Number: IP00659C Registered Office, 18 High Street, Lincoln, Lincolnshire, LN5 8BE