We have a loan for you!
- Available to homeowners who have positive equity in the property of not less than 20% of the current mortgage balance
- Borrow between £5,000 and £15,000 for home improvements or other major projects from your credit union
- Representative APR 9.92% for a £5,000 loan
Challenge us to beat your bank!*
We guarantee a homeowner loan at a 0.1% discount to any eligible member who can provide a loan offer confirmation above 3% APR dated within the last three months.
Easy loan process
Quick decisions
Flexible repayment options
No fees of any kind
Interest calculated on the reducing balance
See what your loan could look like
Apply for a loan today with interest rates that suit you!
Maximum Loan Term :
9.92%
9.92%
9.92%
This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors. Please note that this calculator only provides an indicative quote and actual repayments may vary.
Representative example**
Fair pricing from your local credit union
Loan amount
£7,500
Interest rate - APR
9.92%
Loan term
36 months
Total interest
£1,149
Monthly repayment
£240
Total cost of credit
£8,649
How do I apply?
To take advantage of this offer you will need
For existing members
In order to apply for any of our Loans you will need to supply us with:
- An up-to-date mortgage statement
- Proof of any other household income
- Bank statements for the past 3 months
Not a Member?
If you’re not already a member, just get in touch about becoming a member and we’ll take it from there.
*Warning: The example above is provided for illustrative purposes only. This is a variable rate product and the interest rate can rise, which could increase the cost of your repayments. Loans are subject to approval. Terms & Conditions apply. If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit in the future.
**Terms and conditions apply
- Terms and conditions apply
- These loans are only available to homeowners
- Applicants will be asked to provide an up-to-date mortgage statement (showing three most recent payments or other evidence of home ownership)
- At least one member of the household applying must be in receipt of an annual income of £25,000 or more
- Applicants must be willing to open a savings account with WS&L and make a monthly deposit of at least £40 for the term of the loan. This savings pot will be available to applicants once the loan is fully repaid and cannot be withdrawn during the term of the loan.
- Applicants must have positive equity in the property of not less than 20% of the current mortgage balance and provide evidence of this
- Applications are subject to affordability and credit checks, terms and conditions, and privacy policy
- Representative APR 9.9% for a £5,000 loan.
Applications are subject to affordability and credit checks, terms and conditions, and privacy policy. An application is not aguarantee of a loan offer
