Payroll Loans: Making borrowing simple with salary deductions

To apply for a personal loan, you must:

• Be eligible to join our credit union
• Be aged 18 or over
• Reside in the UK 
• Be in paid employment or have a regular income (full-time students are not eligible)
• Not have any County Court Judgements (CCJs), defaulted credit, or insolvencies

If your employer is signed up, repayments can be deducted directly from your salary, making it even easier to manage your loan.

On the other hand, your chances of approval are lower if:

• You cannot provide proof of a regular source of income
• You cannot afford the loan repayments for the requested amount
• You have credit in arrears, defaults, or an outstanding CCJ
• You have previously defaulted on a loan with us

We will evaluate your personal circumstances before making a decision on whether to offer you a loan. We apologise, but we are unable to offer a loan if you are insolvent at the time of application or have been discharged from insolvency within the last 12 months. Please note that meeting these criteria does not guarantee acceptance.

You can borrow between £500 and £25,000 and repay your loan over a period of 12 to 96 months. Use our loan calculator to check your repayment options and choose the right plan for you.

Yes! You can repay your loan early at any time without incurring any penalties. We believe in giving you the freedom to manage your finances without extra costs.

APR stands for Annual Percentage Rate. It represents the overall cost of borrowing a loan, including the interest rate and any related fees. It is helpful for comparing loan options. Remember to assess the total monthly repayment amount as well, so you can make an informed decision.

We recommend looking beyond the headline interest rate advertised by other lenders. Instead, take a closer look at how much you’ll actually pay per month for the amount you want to borrow. This way, you can make a more informed decision.

Yes, we conduct a credit check for every loan application to ensure responsible lending. However, your application is assessed holistically, taking into account factors like your income, expenses, debt levels, and repayment ability—not just your credit score.

Unfortunately, we are unable to lend to individuals who live outside of the UK unless payroll deduction is available with your employer.

Applying is simple! Use our online loan calculator to choose your desired amount, then complete the application form. You may need to provide:

• Proof of identity and address
• Proof of employment and/or income
• Information about your financial situation
• Banking details to manage payments

If you need help, our friendly support team is always available to guide you through the process. Contact us.

Payroll loans offer seamless repayments directly deducted from your salary if your employer is signed up, so you never miss a payment. The benefits include:

• Easy, automatic repayments
• No need to remember payment dates
• Helping to build your credit score with on-time payments

If payroll deduction isn’t available, repayments can still be made via direct debit (as long as you’re eligible to join our credit union).

Our team is here to help with any further questions you may have. Reach out to us at 0121 700 1222 or start your application today with confidence! Apply Now.