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Get A Loan With Your Credit Union - Hi-Scot

5th August 2020

Photograph of Get A Loan With Your Credit Union - Hi-Scot

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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