Payroll Loan

We have partnered with organisations across our region to offer their employees ethical savings and loans in the workplace.

Apply Now

For employees - a true workplace benefit

Your repayments are deducted from your net salary each monthly and sent to us by your employer. It's confidential and secure, and you can be safe in the knowledge that your loan repayment has been made when the money arrives in your bank account.

  • A fast £1,000 loan product which is a real alternative to high-interest lenders.
  • Ethical loans up to £15,000 with discounted interest rates (Discounted rates for loans over £1,000 and not applicable to debt consolidation loans. Decisions made depend on your circumstances).

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 Amount :
Maximum Loan Term :

£

Required Loan Term

Repayments
£
APR
22.45%
# Repayments
Total
Total Cost
£
APR
22.45%
# Repayments
Total
Total Cost
£
APR
22.45%
# Repayments
Total
Total Cost
£
APR
22.45%
# Repayments
Total
Total Cost

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

13.45%

Loan term

36 months

Total interest

£1,572

Monthly repayment

£252

Total cost of credit

£9,056

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:

  • Details of your income and expenditure
  • Permission for us to have access to “Open Banking” so that we can view your recent banking history
  • Your payslips (if applicable)
Apply Now

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.

It’s easier to apply for a loan when you are a Westcountry Savings & Loans member

*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.