NEFirst Credit Union Loans

Loan approved

Our rates of interest range from 0.6% per month (7.4% APR) to a maximum of 3.0% per month (42.6% APR). The interest you pay will depend on your personal circumstances and will be set out in your loan agreement form.

However, if you have received a written offer from a bank or building society we will match the monthly repayments you have been offered

For Loans up to £1000

The interest rate for loan up to £1000 will be 3.0% per month (42.6% APR). The weekly repayment for a £500 loan repaid over 52 weeks at 3.00% per month, a representative APR of 42.6% will be £11.49, including interest.

For Loans between £1001 and £1500

The interest rate for a loan between £1001 and £1500 will be in the range of 0.8% per month (10% APR) up to 2.5% (34.5% APR). The monthly repayment for a £1500 loan repaid over 12 months at 1.5% per month, a representative APR of 12.7%, will be £137.53, including interest.

For Loans between £1501 and £3000

The interest rate for a loan between £1501 and £3000 will be in the range of 0.60% per month (7.4% APR) up to 2.5% (34.5% APR). The monthly repayment for a £3000 loan repaid over 24 months at 1.0% per month, a representative APR of 12.7%, will be £141.25, including interest.

For Loans between £3001 and £5000

The interest rate for a loan between £3001 and £5000 will be in the range of 0.60% per month (7.4% APR) up to 2.0% (26.8% APR). The monthly repayment for a £4000 loan repaid over 24 months at 1.0% per month, a representative APR of 12.7%, will be £188.33, including interest.

Price Match loans

If you have a written offer from a bank or building society we will match the monthly repayment you have been offered and provide you with free life insurance on your loan.