Please call to discuss any of our loan products and as ever terms and conditions apply. Remember we never charge to credit check you or to arrange the loan or for early repayment.
Child Benefit Loans
Loans of £500 are available to anyone who is in receipt of child benefit, without the requirement to save in advance.
Anyone making repayments through a deduction from their salary can apply for an introductory loan of up to £3000 without the requirement to save in advance.
Anyone wishing to borrow less than their savings can get loans at our lowest rates of interest without disturbing their savings.
Home Owner Loans
Anyone with equity in their property can apply for a loan from COFIPRO at rates that compare to the best on the market.
The organisation with a Difference
We only charge interest on the outstanding balance of your loan. There are no set up fees or early repayment penalties. This means that if you repay your loan early you will only be charged interest up to that date unlike other lenders that fix the interest at the start of the loan. The credit unions only source of income is on the loan interest we receive. This used to cover running costs. If there is any surplus then this is given back to members in the form of a dividend. Remember COFIPRO is owned and operated by its members for their benefit. All of the
Directors are members of COFIPRO who are unpaid and operate on a voluntary basis unlike commercial organisations where Directors are paid huge salaries that their customers pay for.