Simple, Straightforward Loans
Hoot Credit Union provides affordable loans ranging from £200 to £15,000 starting from 12.7% APR, subject to status. One of the features of our loans is that our members only pay interest on the reducing balance. This means that, each time you make a repayment, we only charge you interest on how much you have left to pay, not on how much you borrowed in the first place.
Loans from £200 to £15,000
Rates from 12.7% to 42.6% on the reducing balance
Save while you borrow
No set up fees, late payment penalties or early settlement charges
Free life insurance on the loan
(subject to rules)
Hoot Credit Union
Loans designed with your needs in mind
Handy Loan
Loans up to £5,000 designed to help you manage unexpected expenses, household items or special purchases.
Smart Loan
Loans from £5,001 to £15,000. A simple and affordable way to spread the cost of those bigger items such as a car or home improvement.
Family Loan
Loans up to £750 helping you to manage your budget and support your financial well-being.
Payroll Plus Loan
Loans up to £5,000 exclusively available to employees of our Payroll Partners.
Secured
Borrow and secure your loan up to the value of your savings and get the best rate.
What do our clients say?
Testimonials
How do we make a decision?
Loan Decision Process
Please Note: If you already have a loan with Hoot you are not eligible to apply for any other loan.
Loans FAQ's
How will I know I am eligible to get a loan?
Each loan has its own eligibility criteria so check the page for the loan you want to apply for.
How much can I apply for?
The question should be – how much do I need? You should only apply for what you need; when you know that check the loan pages to find the right one for you.
How do you make a loan decision?
Every loan application we look at goes through the same process.
- Affordability – we look at your income and expenditure and make sure you have enough left to make the repayments (and a bit more to spare)
- Credit-worthiness – ALL Hoot loans are subject to a credit reference check. Having a poor credit rating won’t necessarily mean you won’t get a loan, but we must take it into account.
- Your history with us – we take into account your good-standing with Hoot and your history of borrowing with us before.
View How we make a decision >>
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