If you’re looking to improve your home, for example improving insulation or other eco-updates like solar panels or a ground heat pump - then our Home Improvement loan is for you.

But don't just take our word for it!

Our members are constantly telling us how good the Credit Union has been for them.

In fact for savings Central Credit Union is rated 5/5 on Smart Money People. And for loans 4.96/5!

Read our user reviews.

How much do you want to borrow?

Over how many months do you want to pay?

Your repayments are every months at

The estimated total you will repay is

Benefits of a CCU Home Improvement Loan

Transparent interest rate

The Annual Percentage Rate (APR) quoted by most lenders is ‘representative’. Consequently it is not the definite rate you’ll be offered. For example, you might pay more if your credit score is low.

With CLCU you get the rate you’re quoted. Ni ifs, no buts. If we say it’s 6.9% - that’s what you’ll pay.

Helps you to save

Through our Save as You Borrow scheme, a proportion of the loan repayment is allocated to a savings account. This cannot be accessed until the loan is repaid, reducing the need to borrow in the future. Many people find this an easier way to start saving money, while still being able to pay for things like a holiday with the loan.

Interest on the declining balance

You only pay interest on the outstanding balance. Bank loans tend to be ‘front loaded’. That is when the total amount of interest is added to the loan at the outset. For example if you borrow £3,000 and pay £500 interest the loan is £3,500 and then you repay in equal instalments until the balance is cleared.

That sounds fair but reduces flexibility. When a Credit Union charges interest on the outstanding balance. Therefore, you only pay interest on what you owe at that time. Consequently, if you repay early, you end up paying less.

Free insurance

You can borrow from the Credit Union with peace of mind. That’s because up to £10,000 of borrowings are covered by FREE loan insurance. Were you to die still owing CLCU money this would be repaid in full by the insurance. Terms and conditions do apply, but this is fantastic benefit also applies to our savings accounts.

Fairer service

In 2020 we won the Consumer Credit Awards Treating Customers Fairly award. Every single member voting for us ranked the Credit Union 5/5 for fair treatment. This follows a recent survey of members borrowing since January 2020. They gave us 9.7/10 for the service received.