In 2017 in Oxford residents took out a staggering 40,740 Pay Day Loans at £10.5M. Below it shows what they could have saved if they had used Oxfordshire Credit Union for a £500 loan repaid over 6 months compared to the main Pay Day Lenders.
OCU would have charged £93 per month and total interest of £53.79
Satsuma would have charged £158 per month and total interest of £448
My Jar would have charged £148.49 per month and total interest of £390.94
Pounds to Pocket would have charged £141.13 per month and total interest of £346.78
Our "Just Borrow" product has been designed to stop the small loan rip-off and so if you need a small loan fast, click on Apply Now.
Members and non-members alike can apply for a loan. Non-members will also need to join the credit union.
Click on the button and follow the link to the automated loan application.