Finance for Everyone


Our loan interest is calculated on a reducing balance, so you are charged interest on what you owe and not what you borrow

Pioneer Mutual offers an ethical way to borrow with a range of products to suit your needs and savings invested with us are used to provide affordable finance for our members.   Our affordable loans have no hidden costs or fees and offer:

  • Affordable loans for all purposes 
  • Flexible amounts and repayment periods 
  • Fixed interest rates 
  • Interest charged only on the reducing balance (not on the total amount borrowed) 
  • Borrow from as little as £50
  • No set-up fees 
  • No penalty charges for paying off the loan early
  • Save while you are repaying the loan
  • Life Savings and Loans Protection (T & Cs apply)

Calculate your loan

Total Repayment:
Monthly Repayment:
Total Interest:
Representative APR:

Our  flexible terms so you can extend or reduce the terms with no administration fees. Pioneer Mutual Credit Union are here to help you no matter what so if you are struggling to make your payments or your circumstances have changed just let us know. We will do everything we can to adjust your payments to suit your financial needs, this is part of the credit union difference.


Why borrow from us?
  • You can borrow from as little as £50 with fixed interest rates
  • We have flexible amounts and repayment periods
  • Interest is charged only on the reducing balance
  • There are no set-up fees or early repayment charges
  • Borrow up to £5000 above your savings
    Useful Information

    Click on the links below to check the following information: