Bedford Credit Union provides short term loans in certain circumstances, where standard savings multiples cannot be applied
- Short term loans where repayment from a known and verified source will take place within one month from the loan being taken out
- Loans for specific purposes where repayment will be made over a maximum period of twelve months from a known income stream
These loans are charged at a rate of 3% per month (APR 42.6%) and are subject to status. Loans within this category will generally be for amounts not exceeding £500.