Teachers' Credit Union

Standard Loan

Borrow from £100 to £35,000 (7.76% to 10.36% APR)

Our affordable loans mean you can borrow at a reasonable rate of credit compared to other financial providers - Compare the real cost of a credit union loan with that of other financial institution, take into account our advantages, and we think that you will agree that you are better off talking to Teachers’ Credit Union.

Your application is treated in the utmost confidence and will be considered on its own merits. The decision to grant a loan will take into account your record of savings and loan repayments, as well as your ability to repay.

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Why a Teachers' CU Loan is different

Quality Service, No Fees

There are no administration charges, hidden fees or transactions charges.

No Early Repayment Fee

You can pay off your loan early, make additional lump sum repayments or increase your regular repayments, without a penalty.

Decreasing Repayment Interest

Repayments are calculated on your reducing balance, so you pay less interest with each repayment.

Free Insurance

In the event of your death, your credit union loan is insured - subject to terms, conditions and eligibility criteria - at no direct cost to you.

Loan Calculator

Type of Loan

Maximum Loan Amount :
Maximum Loan Term :

Amount you would like to borrow

Term of Loan (in months)

Repayment Frequency

APR
10.36%

# Repayments

Total

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This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors. Please note that this calculator only provides an indicative quote and actual repayments may vary.

Applying for a Loan

At Teachers’ Credit Union we encourage you to manage your money carefully by structuring loans around your needs and your ability to repay.

You can complete online loan applications from start to finish without visiting our office using our DocuSign feature. Please click the link below for further information.

Representative Example

A representative example is a term used in financial regulations. The example will help to show you the typical costs associated with a loan for a certain amount.

Loan Amount

£1,000

Loan Term

2 years

Monthly Repayment

£46.10

Rate of Interest - APR

10.36%

Cost of Credit

£106.17

Total Amount Payable

£1,106.17

Not a Member? No problem...

To join us you must be directly involved in Education and Training, living or working in Northern Ireland. Spouses of members are also eligible to apply for membership. We're offering you a safe and reliable way to become a member by simply downloading our mobile app.

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