Rating based on 17 reviews

London Mutual Credit Union


  • Credit union loans up to £25,000
  • Low-interest starting from 4.9%
  • Repayment up to 7 years

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London Mutual Credit Union homepage

Author London Mutual Credit Union. Screenshot of London Mutual Credit Union website. [Accessed September 5, 2019]

About London Mutual Credit Union

Do you wish that you had more control over your money? Are you tired of having no influence over how you save?

Or do you simply want to help the community? Whatever the case might be, the London Mutual Credit Union is the solution for you. With us, our customers are also our members which give them a lot more control over their own finances while giving back to their community.

What do we believe in?

London Mutual is the largest credit union in London and has been assisting individuals throughout Southwark since 1982. We are a financial co-operative that exists to benefit the members living and working in Southwark, Lambeth, Westminster or Camden. We also welcome members of the British Armed Forces and worshipers of the New Testament Church of God.

Affordable and flexible loans

Our mission is to provide our members with access to affordable financial services and to develop good financial practices. All of our operations are centred around the development of the social, economic and environmental well-being of the community. Our members are the credit union and help one another to better themselves.

London Mutual Credit Union Services

Whatever your needs, we are at your service. At London Mutual, we offer a variety of credit union loans and savings options as well as online services.

We are dedicated to helping one another to improve the overall wellbeing of the community that we live in. Secure your happiness today.

Hit a financial pothole? Apply for a loan today

Sometimes tough situations cross the path that places us in a poor financial position such as unexpected vehicle repairs or emergency medical bills which need a payday loan fast. Or, perhaps, you need some extra cash for a new car or the perfect family holiday.

Award-winning loans

Whatever your financial problems are, we can help to solve them. Our loans have received numerous awards with low-interest rates that are suitable for everyone. Borrowing money should be a carefully thought out process which is why we construct our personal loans around your ability to repay them. We operate with full transparency and have no hidden costs or early repayment fees. We offer lower interest rates than a lot of other lenders making us a good choice to borrow from.

London Mutual Credit Union Product Details

  • Loan Type Credit union loans
  • Interest Rate from 4.9%
  • Loan Amount up to £25,000
  • Repayment 3 months to 7 years

Summary of Services

  • Online application
  • No hidden fees
  • No extra fees for early repayment

London Mutual cares about you, apply for a loan today

Getting a quick cash loan is not always the financial solution you are looking for.

If you are simply looking for a secure place to save your money then we have a variety of savings options for our members. You can also create a savings account for your child between the ages of thirteen and eighteen.

How can I apply to be a member?

Becoming a member is as easy as pie! Simply complete our online membership application if you are living or working in Southwark, Lambeth, Westminster or Camden and/or are a member of the British Armed Forces or the New Testament Church of God. We also offer membership to children between the age of thirteen and eighteen whose parents can create a membership on their behalf. Within five to ten working days, your membership or online loan application will be processed and we will send you information regarding your account and the benefits you have access to.

A better payday loan option

We also offer short-term loan options that provide a simple and flexible solution for smaller financial hiccups. Simply borrow what you need and pay it back upon your next payday. What makes our payday loans different is that we charge much lower interest rates than other lenders making our payday loans more affordable and manageable

Savings for a rainy day

We understand that our credit union members have a variety of financial needs which is why we offer numerous savings accounts to suit those needs. We provide options for both short term and long term savings to assist you in building a successful financial future.

What makes saving with us even better is that, since our members are also the owners, we do not have to pay any shareholders. This means that any income that is made is paid out to our members in the form of dividends. So, not only are you saving, but you’re earning money too.

Help build your child’s financial future

At London Mutual, we believe that it is important to teach children the value of money from a young age. We allow parents to set up savings accounts for their children between the ages of thirteen and eighteen.

These accounts are void of any fees and allow your child to achieve financial independence from a young age. The card that they receive can be used online, at ATMs or any retail outlets. Teach your child responsible money management now for a better financial organization in the future.

Customer Reviews & Testimonials

April 2019

London Mutual never dissapoints me. I think about them when I need money

Andrew H
— London —

May 2019

London Mutual was there for me when I was desperate for money

Trevor M
— Bristol —

June 2019

They're loan helped me a lot. My family was struggling

Mathew A
— London —

London Mutual Credit Union Contact Details

Physical Address

Opening Hours

  • Monday 09:00 – 16:30
  • Tuesday 09:00 – 16:30
  • Wednesday 09:00 – 16:30
  • Thursday 09:00 – 16:30
  • Friday 09:00 – 16:30
  • Saturday – Closed
  • Sunday – Closed