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Tel: 0845 634 9901 Fax: 0131 225 9909
1. Low Rate of Interest
Capital Credit Union is regulated by the FSA (Financial Standards Authority) and because of this we are restricted to how much interest we are allowed to charge. The maximum rate of interest we are allowed to charge is 26.8% APR, with some of our customers currently borrowing at only 6.9% APR! (Representative Rate 12.7% APR)
2. Free Life Insurance
At Capital Credit Union we have taken out an insurance policy which is implemented FREE of charge to our members! This policy is imed at making the lives of families and next-of-kin easier in the event of the death of the Capital Credit Union member. As a result, your next of kin would receive DOUBLE the savings amount of the member. Moreover, if a member has a loan with the Credit Union this would be settled, so the next of kin would not be pursued for any outstanding balance.*
3. No Early Repayment Charges
Unlike Banks and Building Societies, Capital Credit Union DO NOT penalise its members for early repayment! As we are an ethical organisation, we want to help our members out of debt, not add to it!
4. Speedy Loan Decision
We understand that time is often of the essence with regard to your finances. We aim to process every application within 24 hours of receipt.
5. Loan Funds Credited to Your Bank Account Via BACS
Another time and stress saving device implemented by Capital. Your loan transferred straight into your account - NO hassle!
6. Repayments Made Easy Via Your Savings Preference!
Depending on your saving method, we will deduct your loan repayments either via payroll deduction or straight from your bank account - It Is That Simple!
*Both of these policies are subject to terms and conditions as specified by Capital Credit Union Ltd.