Loans

A safe way to borrow

Loans
Has your washing machine packed in? Has your car failed its MOT? Or, do you just need some cash to see you through to pay day? Whatever the reason, Fusion can help with a loan from £50 to £500. Further loans may be up to £2,000.

Why not compare our interest rates to other lenders and see how much a Fusion loan could save you?
Or take a look at the Money Saving Expert Website?

Interest is calculated daily on your reducing loan balance.  There are no penalty clauses for paying a loan earlier than your agreement.

All loans also benefit from free life insurance* and, as long as you keep up your repayments, there will be no extra fees or charges.

Loans are available to everyone, over 18, who lives, works or volunteers in the Lichfield or Cannock Chase District areas. Pop in to your local collection point and talk to a member of our friendly team.

How Much Can I Borrow?

Fusion operates a lending policy designed to meet the needs of individual members. The amount you could borrow is always based on your ability to repay.

The amount that Fusion Credit Union will lend to its members is £50 – £500 for the first loan. Subsequent loans may be up to £2,000.

Terms of the loan are determined by a loan committee and are considered on the financial information you provide at the time of your application.

The maximum term of repayment for a loan is normally 24 months (2 years).

*Conditions apply.

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2 responses to “Loans

  1. Pingback: Great savings plans and low cost loans |

  2. Amo November 12, 2013 at 11:28 am

    how do I apply for a loan I live in tamworth staffs but my council is Lichfield. Also can the loan be paid back out of my child benefit each month?

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