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The Money Co-op (Formerly The Co-op Credit Union): Loans reviews

Name: Loans
Rating: 4.95 (168 reviews)

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4.96

Based on 168 reviews, last reviewed 29th May 2025

6200% increase in 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

97%

3 star

2 star

Latest highest rating:

5

Really easy and great communication throughout the p... Really easy and great communication throughout the process. Everything was explained in really easy terms and followed up with an email. Could not fau... Read more Reviewed on: 29th May 2025

Latest lowest rating:

1

Paying almost 50% in interest. Paying almost 50% in interest. Took it through a workplace loan, and it wasn’t very clear on how much I owed until I left the company. Updated my deta... Read more Reviewed on: 9th April 2024

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About this product

The Money Co-op offer personal loans from £50 up to £15,000.

You can apply online and potentially receive your loan within two working days. Members are required to save a minimum of £10 per month, so as you repay your loan, you’ll build up a pot of savings.

The Money Co-op (Formerly The Co-op Credit Union) Loans reviews (168)

Review of the The Money Co-op (Formerly The Co-op Credit Union), Loans:

Quick in responding, thorough with financial checks,...

Quick in responding, thorough with financial checks, I’d be lost without it Reviewed on: 14th May 2025

Loan

Excellent staff and offer the best advice depending on your situation Reviewed on: 18th May 2023

A Simple Helping Hand

I was very happy to be able to get a loan to help with household costs. The process of application was very straightforward. The messaging system works very well. It was easy to ask questions and get answers. It was all done very quickly as well. I would rather use a credit union than a bank. Very happy with my experience. Reviewed on: 17th May 2023

Rent Deposit

I had a loan for rent deposit and they were so helpful and money was in the account that day Reviewed on: 17th May 2023

Fast , easy

Quick and easy to apply for. In the bank quickly Reviewed on: 16th May 2023

Great service

Whenever I had a financial difficulty, I always tried to get loan support from credit union. It is easy and quick too. Because I have been paying it on time they have offered me the amount I’m asking. Really appreciate and grateful. Reviewed on: 16th May 2023

Great cheap loans

So easy to apply and get a loan whilst saving at the same time. Payment made directly from my wages every month. Wish i used them 21 years earlier when I first started with the Co-op. Reviewed on: 16th May 2023

Only company I will use for a credit loan. Easy to apply and get decision next day.

Coop credit union is fabulous. Have had many loans from them over the last 7 years. Just save a minimum of £10 a month. So easy to apply for. Interest rates are low and affordable. The money is taken from my pay before I get it. Would only use the coop credit union for a loan. Reviewed on: 16th May 2023

Cracking Service

A hassel free service, easy and affordable. Great customer service. Top notch, can't think of anything that they could do better. Reviewed on: 16th May 2023

Fantastic service

Amazing service with great rates all while able to build up savings Reviewed on: 16th May 2023

Brilliant!!!

Absolutely spot in communication easy payment plan easy exactly what I needed! Reviewed on: 16th May 2023

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