Why choose Cash Box for a loan?

  • We are a community-based organisation providing secure savings and low interest loans for its members.
  • Interest is fixed for the period of the loan.
  • There are no early settlement penalties if you are able to pay your loan off sooner than expected.
  • Loans can be arranged from as little as £50 to as much as £15,000, depending on your level of savings and affordability.
  • Interest is only charged on the balance outstanding and is calculated daily.

Cash Box offers a range of loan products depending on your circumstances. For an illustration please follow the links below:-


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Standard Loan

Available to all members who have saved with Cash Box for a minimum of 13 weeks

Standard Loan: Interest rate is 2.5% per month

Representative Example (APR 34.5%)

Amount of Loan £500 £1,000
11 Monthly Repayments £48.75 £97.49
Final Repayment £48.66 £97.45
Total Interest Due £84.91 £169.84
Total Amount Repayable £584.91 £1,169.84

The above rates are calculated over a 12 month term


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Secured Loan

Available to any member wishing to borrow an amount not exceeding their share balance.

Secured Loan: Interest rate is 1% per month

Representative Example (APR 12.7%)

Amount of Loan £500 £1,000
11 Monthly Repayments £44.43 £88.85
Final Repayment £44.36 £88.83
Total Interest Due £33.09 £66.18
Total Amount Repayable £533.09 £1,066.18

The above rates are calculated over a 12 month term.


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Payroll Loan

Available to employees of companies who have a payroll deduction scheme in place.

Payroll Loan: Interest rate is subject to status 1%, 2.5% and 3% per month.

Representative Example (1%=12.7%) (2.5%=APR 34.5%) (3%=APR 42.6%)

Rate: 1% per month (12.7%)

Amount of Loan £500 £1,000
11 Monthly Repayments £44.43 £88.85
Final Repayment £44.36 £88.83
Total Interest Due £33.09 £66.18
Total Amount Repayable £533.09 £1,066.18

Rate: 2% per month (26.8%)

Amount of Loan £500 £1,000
11 Monthly Repayments £48.75 £97.49
Final Repayment £48.66 £97.45
Total Interest Due £84.91 £169.84
Total Amount Repayable £584.91 £1,169.84

Rate: 3% per month (42.6%)

Amount of Loan £500 £1,000
11 Monthly Repayments £50.24 £100.47
Final Repayment £50.11 £100.36
Total Interest Due £102.75 £205.53
Total Amount Repayable £602.75 £1,205.53

The above rates are calculated over a 12 month term.


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Family Loan

The Family Loan is available to people who are in receipt of child benefit and may need to borrow extra funds. To be eligible for our Family Loan you must meet the following criteria:

  • Agree to have your child benefit paid into your Cash Box Credit Union account.
  • Become a member of Cash Box Credit Union and commit to saving an amount per month.
  • Be over 18 years old.

Family Loan: Interest rate is 3% per month

Representative Example (APR 42.6%)

Amount of Loan £500
11 Monthly Repayments £50.24
Final Repayment £50.11
Total Interest Due £102.75
Total Amount Repayable £602.75

For more information call 0161 342 3266.

This is an example that is representative of a £500 loan at 3% per month over a 12 month term (42.6% representative APR)


Compare this to other lenders and you will see just how fair and reassuring dealing with Cash Box really is.

Click here for our loan application form. Please ensure that you collect information about your income and what you spend before completing the form. Alternatively you can call into one of our collection points for assistance.

If you apply for a loan, you will need to provide evidence of your income and expenditure by sending in your last 3 months bank statements and your last 3 months payslips.


Credit Unions are financial community co-operatives that promote savings as well as loans.

Members of the credit union pool their savings to provide the funds from which loans are made. The interest on loans pays for the running of the credit union and if there is a surplus, members get a share of the profit known as a dividend.

We expect all of our members to save as much as they can afford, even if they are repaying a loan. As a minimum, we would expect you to save at least £2 per week/£10 per month and keep this in your savings account while you have a loan outstanding with us. Once your savings balance is higher than your loan balance, you may if you wish withdraw the difference.

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