NewCred is a community based credit union. It is a not-for-profit organisation owned and run by its members. As part of a worldwide credit union movement it provides financial services to the people of Newham. NewCred strengthens social networks and contributes to the local economy.
NewCred aims to be the primary provider of low cost affordable financial services in Newham.
NewCred is a community based Financial Co-operative, which provides savings, low cost loans and other financial services to its members. It is a not for profit organisation. NewCred is owned and run by its members. Everyone who lives or works in Newham can join.
NewCred can help you choose a repayment plan that suits your circumstances, which means that there is no need to worry if they change and you wish to alter the plan. You can also repay your loan in full at any time without penalty or additional charges.
You are able to apply for a loan after saving for a minimum of three months.