Need For Loan

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Need For Loan

The Niche Coop  provides loans to support members with everyday expenses such as unexpected bills and car repairs as well as helping members live life to the full by offering loans for holidays and home improvements.

  • Our interest rates are competitive because we are a not for profit organisation owned by members and run for the benefit of members. We are also fair – there are no hidden charges or early repayment penalties with our loans and we also charge interest on the reducing loan balance to save you money.
  • Members are eligible to apply for an extension to their current loan whilst having an outstanding balance. All loans are subject to approval and no application is guaranteed.
  • We also help you protect your savings as your savings are available to use once they exceed your loan. Savings qualify for a dividend.
  • Personal loans and starter loans are subject to our lending policy and affordability checks. For all Personal Plus and New Starter loan applications we require your last 3 payslips and last 3 months bank statements, although we reserve the right to request these for any application. Borrowing history with the credit union is however always taken into account.
  • A huge bonus is that we offer FREE life cover on your loan which means that you protect your family too.
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