Get A Loan With Your Credit Union - Hi-Scot
5th August 2020
Hi-Scot Credit Union covers the Highland and Islands and is membership organisation covered by the Financlal Services Authority Directors are elected each year and are unpaid volunteers with professional staff running the day to day business. Online banking has recently become available for members. Loans can now be arranged by phone.
NEED A LOAN?
There may be occasions when you need a little help with your cash flow; it could be to buy a new car, for home improvements or even to help finance your big day.
Borrowing from HI-Scot is simple and straightforward. There are no fees and the rates are competitive.
Interest on all HI-Scot loans is calculated daily and the rate advertised for the loan is the rate you will get, no matter your individual circumstances.
Every application for a loan will be carefully considered; all loan decisions are based on your income and expenditure and ability to repay.
LENDING CRITERIA
You must be a member of HI-Scot Credit Union to apply for a loan with us.
The maximum loan limit is £15,000, depending on individual circumstances.
Loyalty Loans require members to secure £250 of savings for the lifetime of the loan. The interest rate charged is between 0.50% - 1.75% per month depending on the value of the loan (see table below).
Freedom Loans require no savings to be held as security. In these circumstances, the interest rate charged is 2% per month.
Check it out at https://www.hi-scot.com/
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If your business would like to support employees in building a regular saving habit, call HI-Scot Credit Union..
2020 has not been the easiest of years and, for many people, saving has been the last thing on their minds - but there's never been a more prudent time to think about putting money aside for a rainy day. Or a global pandemic.
A Hi-Scot credit union loan is now easier than ever to arrange for members. Cars are a popular reason to borrow but loans can be arranged for a wide range of things.
