Loan Information

Benarty and Lochgelly Credit Union offers low cost, unsecured personal loans which are available for just about any purpose – a new car, a holiday, Christmas, a new washing machine, repairs or home improvements.
We charge no set up fees, no repayment penalties and there are no hidden costs.  There are several loan options available as detailed below.

Our Commitment to Affordable Credit

As your locally owned Community Bank, we are passionate about helping people in Fife. We believe in the deliverance of a Fairer Fife as defined by the Fairer Fife commission, ” a Fife where all residents have the capability to live good lives, makes choices and reach their full potential and where all children are safe, happy and healthy”. We do our bit by offering affordable credit. Our loans are very affordable – we don’t want people to use Wonga, Sunny Loans, Provident or even local loan suppliers like Forth Financial Services Ltd., Loans At Home or even Conduit (our local C.D.F.I.) and we definitely don’t want people going to weekly rent to own companies such as Brighthouse when they can come to us and get a cheaper loan. So we ask you to check out the figures on our loan calculator below, then contact us to apply!
Loan Calculator
Fairer Fife Commission

If you’re in employment, talk to your employer about deducting a regular sum from your wages and paying it directly in to your Community Bank account. The regular amount will be paid in to your savings and/or loan – your employer wont know which!

Even if you’re on a low income or receiving benefits, you can still apply for a Benarty and Lochgelly Handy Loan.  You don’t even need to be a member!  You can join when you apply for your loan.approved

Which is the right loan for you?

 Benarty and Lochgelly Saver Loan (12.68% APR.)

For regular savers who want to borrow an amount based on their savings.
Please contact us on 01592 868 800  for examples of how much you may be able to borrow or use our loan calculator.
  • Loans include Member death benefit at no extra cost.
  • We assess your ability to borrow (and repay) a loan on your current situation rather than your credit history, but please note that larger loan applications will include a credit check which is standard practice.

Loan Protection

Protected loans to protect your loved ones
Your Credit Union loan is protected in the event of your death* – helping protect your family from the financial burden of bereavement.

When you take out a loan with us you also get Loan Protection. If you were to die before your Credit Union loan is repaid, this protection can help towards settling the debt, so that it isn’t passed on to your loved ones.

Of course, it won’t take away the pain but it’ll certainly help with the financial strain of bereavement. This benefit is included at no extra cost to you as part of your Credit Union loan arrangement* so just for once, peace of mind doesn’t cost the earth; it’s just another benefit of being a Credit Union member.

As a Credit Union member, you’re not only borrowing for the things you desire to make life more comfortable for you and your family; by choosing your Credit Union to borrow from, you’re helping your Credit Union provide better value loans for all Credit Union members. With the added peace of mind provided by Loan Protection, loans from your Credit Union can offer better financial security for you and your family.

*Subject to terms and conditions. Cover limits vary and certain restrictions apply based on age and cover. Please ask at your Credit Union for more details about the individual limits and restrictions of Loan Protection.

Loan Protection is underwritten by Sterling Life Limited.
Sterling Life Limited is authorised by the Prudential Regulation Authority and regulated by Financial Conduct Authority and Prudential Regulation Authority.

In association with