Our loans at a glance

Taking out a loan

By putting people before profit, we can offer fair, affordable and flexible loans of between £50 and £10,000 to our members. Whether you need the money for a small or large purchase, for just a few months or for up to five years, a Manx Credit Union loan can help you budget without spiralling into a cycle of costly debt.

 

  • Basic Loan

    6.87% per year

    Our standard loan is available for amounts between £50 and £5,000 plus the value of the savings you hold with us.  The rate of interest on repayments is 1% per month which equates to a simple interest rate of 6.87% per annum.

    More Information

  • Save as you Borrow

    5.6% per year

    This loan gives you the option to grow your savings at the same time as repaying your loan so at the end of the loan period you have the same amount in savings as you have borrowed! 

    More Information

  • Loyalty Saver Loan

    3.4% per year

    Borrow double the amount you have already saved at half the interest rate of our Basic Loan.  

    More Information

  • Starter or Emergency Loan

    6.87% per year

    This loan is available to help when emergencies occur and money is needed quickly.  You can apply to borrow up to £500 by making an appointment to see one of our Loan’s Officers.  

    More Information