Why take out a loan with Oxford Credit Union?

Oxford Credit Union is an ethical bank which is owned and run by local community members. Our primary goal is to offer fair and affordable loans to local people in Oxfordshire.

What we offer

  • Flexible, multi-purpose loans
  • Low interest rates 26.8% APR (2% per month) 
  • Fixed interest rate if bank interest rates go up, your repayments will stay the same
  • No hidden interest
  • No hidden fees
  • No charges
  • Free life insurance for members taking out a loan before their 70th birthday
  • No deposit required
  • We help you to pay your loan by making it a requirement to also have a savings account into which you make regular deposits

When can I apply and how much can I borrow?

New members can apply for an Introductory loan of up to £500 once they have been saving with the Credit Union for 3 months. Established members may borrow as much as they can afford to repay, currently up to a maximum of £2,000 (conditions apply).
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Oxfordshire Community Foundation
Sponsored by OCF
Oxford Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Firm No. 723C) and licensed by the Office of Fair Trading (No. 585835).
Oxford Credit Union complies with the Money Laundering Regulations 2003 and any subsequent legislation aimed at anti-money laundering.