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Payroll Loans

Payroll Loans Made Simple:
Borrow With Confidence

At Serve and Protect, we make borrowing stress-free with payroll loans. Enjoy competitive rates, flexible repayments, and no early repayment fees.

See What You Could Borrow
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Flexible Payroll Loans That Suit Your Career

Whether it’s managing unexpected expenses, home improvements, or a special occasion, our payroll loans offer the support you need, when you need it.

See what you could borrow
Range

You can apply for loans between £500 and £25,000.

Repayments

You can choose repayment terms between 12 to 96 months.​

Rates

We have affordable tiered rates starting from 8% APR to 13.5% APR.

What makes our Personal Loan a good choice?

Discover a smarter way to manage your finances with our simple, transparent payroll loans designed to meet your needs and help you stay in control.

Payroll Deduction

Repayments are automatically taken from your salary each month, so you never need to worry about missing a payment.

No Early Repayment Penalties

Gain financial freedom faster with the ability to repay early at no extra cost.

Reducing Balance Loans

With a reducing balance loan, your interest is calculated on the remaining loan balance, meaning as you pay off your loan, the amount of interest you owe decreases.

Support a Greater Cause

When you borrow from us, you get an affordable loan while supporting our mission. Your interest helps sustain our credit union, support those who serve, and reinvest in the community.

A man smiling while using a laptop, representing ease and convenience of applying for payroll loans online.
A man smiling while using a laptop, representing ease and convenience of applying for payroll loans online.
A man smiling while using a laptop, representing ease and convenience of applying for payroll loans online.
A woman smiling while looking at her phone, representing the ease and convenience of accessing payroll loans online.
A woman smiling while looking at her phone, representing the ease and convenience of accessing payroll loans online.
A woman smiling while looking at her phone, representing the ease and convenience of accessing payroll loans online.

Benefits of Payroll Loans

Payroll loans are more than just convenient; they’re smarter borrowing. Here’s how they make life easier for you:

  • Repayments are automatically deducted from your salary.
  • Regular repayments can help improve your credit profile.
  • Repayments fit seamlessly into your monthly finances.
  • Reduces risk for lenders and boosts your chances of approval.

What you could use your Serve and Protect loan for?

Car Purchase
Car Loans
Consolidating Existing Debt
Debt Consolidation Loan
Renovating Your Home
Home Improvement Loan
Getting Married
Wedding Loan
Going on Holiday
Holiday Loan
World
Visa to Remain
Visa Loan
Can I Apply?

To apply for a Personal Loan, you need to:

  • be eligible to join our credit union
  • be aged 18 or over
  • be a UK resident
  • be in paid employment or have a regular income and are not a full-time student
  • and not have any recent CCJs, credit defaults or bankruptcies

If your employer hasn’t set up payroll deduction with us, you can still repay via direct debit, as long as you fit in to our field of membership.

If our personal loan seems out of reach, consider our Inclusion Loan. By looking at your financial habits rather than your credit score with the help of Open Banking, we aim to help where others might not.

See what you could borrow
Use our loan calculator to explore repayment options and find what works for you!
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Frequently Asked Questions

Our rates range from 8% APR to 13.5% APR, depending on the amount borrowed and repayment terms.

Absolutely. There are no penalties for early repayment, so you can take control of your finances at any time.

Yes, we run credit checks as part of our process. However, we consider many factors beyond your credit score, such as your income and financial habits, so don’t count yourself out if you’ve had a few bumps.

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

Payroll loans offer repayments deducted directly from your salary, ensuring simpler, stress-free borrowing.

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.

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Ready to Apply?

Getting started with Serve and Protect Credit Union is quick and easy. Our online application form is designed with you in mind. You’ll need:

  • proof of identity and proof of address
  • proof of employment and/or income
  • information about your financial situation
  • your banking details so you can save with us

Take the first step today and see how we can help you manage life’s expenses.

Apply Now

Helping You Understand Borrowing Terms

Borrowing doesn’t need to feel overwhelming. Here’s a quick breakdown of common terms:

Annual Percentage Rate (APR)

The annual cost of your loan, including interest and fees.

Credit Check

A review of your financial history to evaluate your ability to repay the loan.

Payroll Loans

A loan where repayments are deducted directly from your salary.

Personal Loan

Unsecured loans for home improvements, debt consolidation, or unexpected costs. No collateral needed, with flexible repayment terms.

Confused by financial jargon? Visit our Jargon Buster for more helpful explanations.

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Notice: Scheduled Maintenance

Our app and online access will be unavailable for 2 hours on Sunday, June 8, from 4:00 AM to 6:00 AM, as we work on scheduled upgrades to make things faster and smoother for you. We apologise for any inconvenience this may cause.