Tel: 01903 237221 Fax: 01903 219790

08 September 2010
Low Cost Loans - 01903 237221

West Sussex Credit Union offers a fast, safe and secure way of borrowing money at a reasonable rate.

West Sussex Credit Union may be more willing to help than banks or building societies if you have a low income, no borrowing record or a poor credit history and we can offer you the affordable rates you need to get your finances on track.

How to apply for loan.

To apply for a loan with West Sussex Credt Union you must complete a loan application form. You can with download and print the forms below or you can contact us and we will send an application pack.

You can apply online by clicking here!

To contact us to request a loan application pack;

Telephone:   01903 237221

Text:           07797 805380  (Text: LOAN followed by name and postal address)

E-mail:         enquiries@westsussexcreditunion.co.uk (Please provide address)

To download application forms;

ClickDownload Loan Application Form (50.2kb)

ClickDownload Loan Application Guidance Notes (39.2kb)

When you have completed the loan application form return it to West Sussex Credit Union, 13 Crescent Road, Worthing, BN11 1RL.

You will also need to provide the following with your application:

  • Proof of identification
  • Proof of address
  • Proof of Income ( Two salary slips / DWP Income Support letters / Tax Credit letters
  • Bank statements covering the last two months transactions
  • Completed Membership Form 

Once we have received you completed application and supporting information we will normally contact you within 3 working days with our decision.

Why borrow with West Sussex Credit Union?

  • We are cheaper than the home credit companies
  • We may be able to help when the bank says no
  • We charge interest on a daily basis, so the sooner you repay your loan, the less interest you pay
  • You can save as you borrow with our savings plan for larger loans
  • We are able to offer loans for small amounts, starting from £100
  • There are no hidden charges for repaying your loan early
  • We offer practical advice to make your money go further

Loan Comparision
Lender Amount Borrowed Weekly Repayment Number of Weeks Total Charge for Credit Interest Rate
Provident Personal Credit * £500

£17.50

 52 £410 272.2% APR
Credit Union £500 £11 56 £70 26.8% APR
* Source: www.providentpersonalcredit.com (accessed: 19/01/2009)

Once you have joined the Credit Union you can borrow straight away. See how we compare with the Home Credit Industry.

Loan Comparision
Lender Amount Borrowed Monthly Repayment Number of Months Total Charge for Credit Interest Rate
Welcome Finance £1,500 £100.55 24 £913 64.1% APR
Lloyds TSB £1,500 £85.52 24 £627 37.3% APR
Credit Union £1,500 £73.10 24 £375 26.8% APR

If we provide a loan to you we will invest some of your payments into a savings account so that when your loan is repaid you will also have a lump sum saved up.

We don't just hand out affordable loans. The West Sussex Credit Union can give you advice with budgeting, debt management and offer general help. So now you really can take control of your finances!