Hoot Loans designed to meet your needs
Hoot Credit Union provides affordable loans ranging from £200 to £15,000 at 12.7% - 42.6% APR, subject to status.
One of the features of our loans is that our members only pay interest on the reducing balance. This means that we only charge you interest on how much you have left to pay, not on how much you borrowed in the first place.
In the long run you simply pay less - and we won't charge you a penny for paying your loan back early!
You can also have peace of mind with our personal loans which have gained a 5 Star rating awarded by the Fairbanking Foundation. To find out what the ratings mean for you, click on one of our personal loan products Handy Loan, Budget Loan, Premier Loan and check out our product features.
When you borrow from Hoot you get a fair and good deal and support your community at the same time. Hoot is a community business that shares its profit with its savers, so saving whilst you repay your loan gives to a share of our success and supports us in keeping the money in our community.
More information about lending from Hoot can be found in our FAQs.