"Free advice, information, support, guidance and counselling for Portlanders"

Tel: 01305 824333

Low Cost Loans

Most people need to borrow at some time in their lives.

The First Dorset Credit Union at The Portland Centre

Here is a comparison between First Dorset Credit Union rates and a well known doorstep lender, for a loan of £500 over 52 weeks:

Loan repayment comparison

Lender

Weekly Repayment

APR*

Total repaid

Cost of Loan

Typical Personal Credit Lender

£17.5

272%

£910.00

£410.00

First Dorset CU Non-Saver loan

£10.84

26.8%

£563.53

£63.53

First Dorset CU Saver loan

£9.68

12.7%

£532.95

£32.95

*APR - Annual percentage rate of interest

What if I am not a regualr saver but I am desperate?

If you want to arrange a loan, just pop into the Portland Centre on Tuesday morning and speak to our Volunteer Tellers who will be very happy to help you complete the application forms and will help you to get the papers and evidence you need.

You may be very lucky and see a Loans Officer straight away who will be very happy to discuss your needs with you.

If the opening time of Tuesday morning is not convenient to you, just contact the Portland Centre and we will help you with application forms and contact the Credit Union Loans Officers.

What next?

If you want to find out more about the credit union, just call us on 01305 824333 or email us using our contact form or pop in to see a Portland Centre Staff member, to receive immediate assistance.