Loans

If you are considering borrowing some money why not have a look at our guide on what to look out for when taking out a loan.

As a Parkway Green resident you can access affordable personal loans from the Manchester Credit Union and the Money Line Greater Manchester. The loans that both the Manchester Credit Union and the Money Line provide are both affordable with flexible payments to suit your budget.

Both provide loans that are cheaper than typical door collected loans (door step providers) and give you more flexible repayment plans. Both the Manchester Credit Union and Money Line Greater Manchester will consider providing loans to people who have been refused loans from a bank or building society. All applications are made on an individual basis and applications are welcomed from all members of the community.

Manchester Credit Union;

  • provide ‘flexi loans’ to both members and non members
  • flexible repayment plan based on how much you can afford to repay weekly, fortnightly or monthly
  • competitive APR%
  • you don’t need a bank account with the Credit

How to Apply;

  • visit the Manchester Credit Union shop in the Civic Centre - don’t forget to bring your ID
  • complete a simple application form and wait about a week* for a decision

*decisions can take a bit longer or shorter depending upon the application

For more information ring 0161 231 5222 or visit their website.

Money Line Greater Manchester;

  • provide low cost personal loans to Greater Manchester residents
  • weekly or monthly repayments
  • all repayments have to be made by direct debit
  • borrow between £50 and £1,000

How to Apply;

  • visit the Money Line shop in Salford Precinct shopping centre
  • bringing with you your ID, recent bank statements and a recent utility bill.

For more information and directions to the Salford shop ring 0161 736 6500 or visit their website.

Loan comparison table

Lender Loan No weeks
repayments		 Weekly
repayment		 Total
repayment		 Total
Loan
Cost
Manchester
Credit
Union		 £300 33 £10 £323.66 £23.66
Money Line
Greater
Manchester		 £300 51 £6.46 £335.49 £35.49
Typical
doorstep
lender		 £300* 52 £10.50 £546 £246

* Loan based on a typical loan over a period of 52 weeks. Prices correct at print February 2010

You could save over £200 by using either the Manchester Credit Union or the Money Line Greater Manchester.

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