Pay Day Loans

Payday Loans

Payday loans can be a very expensive way of borrowing.

Interest rates are tend to be set at a premium, and there are often hidden charges or fees - which mean the cost of borrowing can be very high.

All Celtic Credit Union Loans are at a fair interest rate, we'll make sure your loan is affordable, and there are never any hidden charges.

Photo of a Payslip
Photo of an umbrella protecting a child from rain in bad weather

Protect your credit rating

Payday loans can be bad for your credit rating. Many companies may not give credit to people that have a payday loan on their credit history.

A fast, affordable loan from your Credit Union is often a much better option. So why not get in touch and see if we can help

See how your Credit Union Stacks up

Look at how different the costs of a £300 loan repaid over 3 months from Celtic Credit Union are compared to typical payday lenders…

  Celtic Credit Union Satsuma Loans Provident
APR 18.0% 1261.0% 1557.7%
Weekly Repayment £23.64 £33.03 £33.00
Total Interest £7.29 £129.26 £129.00
Total Repayable £307.29 £429.26 £429.00

Apply for a loan nowEvery loan application is considered individually – it’s not just a question of your credit score. Why not come and talk to us and let us help.

Small print to go in here about the calculations and how they are typical loan rates taken from the companies websites as of 15th November 2016