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Payroll Loans

Payroll Loans: Making borrowing simple with salary deductions

Our payroll loans are here to help make managing expenses easier. They offer low rates, flexible terms, and simple repayment options with deductions from your salary. Our personal loans can also be repaid by direct debit when salary deduction is not available.

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Man holding his phone, representing ease and accessibility of fair, transparent payroll loans offered by Serve and Protect Credit Union.

Credit Union Payroll Loans

At Serve and Protect Credit union, we’re proud to help employees in the police, prison, military and fire and health services to borrow with deductions from their salary (direct debit is used where salary deduction is unavailable).

Whether you want to get the funds for consolidating debt, buying a car, or planning a dream holiday, our personal loans can help you achieve your goals stress-free.

See what you could borrow
  • Apply for amounts of £500 up to £25,000 for a range of different purposes.
  • You can repay our personal loans from 12 months up to 96 months.
  • Our personal loan rates are tiered from 8% APR to 13.5% APR.

Why choose a
Serve and Protect payroll loan?

Payroll Loans

If your employer is signed up, you can enjoy seamless repayments deducted directly from your salary, so you never have to worry about missing a payment.

No Early Repayment Penalties

Repay your loan early without any extra costs – your financial freedom matters to us.

Reducing Balance Loans

Only pay interest on the remaining balance of your loan, meaning your payments reduce over time.

Boost Your Credit Score

Making regular repayments on time could help improve your credit score.

Free Life Cover Included

Enjoy peace of mind knowing your loved ones are protected with free life cover (subject to terms and conditions).

Man using a tablet, highlighting the convenience and accessibility of payroll loan benefits offered by Serve and Protect Credit Union.
Man using a tablet, highlighting the convenience and accessibility of payroll loan benefits offered by Serve and Protect Credit Union.
Man using a tablet, highlighting the convenience and accessibility of payroll loan benefits offered by Serve and Protect Credit Union.
Woman leaning back on a chair, reflecting the ease and convenience of payroll loan repayment directly from salary with Serve and Protect Credit Union.
Woman leaning back on a chair, reflecting the ease and convenience of payroll loan repayment directly from salary with Serve and Protect Credit Union.
Woman leaning back on a chair, reflecting the ease and convenience of payroll loan repayment directly from salary with Serve and Protect Credit Union.

Benefits of Payroll Loans

We work directly with employers across the police, prison, military, fire and health services to allow employees to repay loans straight from their salary.

With payroll loans, repayments are automatically taken from your pay each month, making life simpler. Here’s why it’s a great choice:

  • Deductions happen automatically
  • No need to remember due dates or budget for repayments
  • Higher chance of your loan being approved
  • On-time payments can help your credit score

A simple, safe, and hassle-free way to manage your 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 CCJs, defaulted credit or insolvencies
See what you could borrow

Our loan calculator can show what your repayments could be before you apply

Check Repayments

Frequently Asked Questions

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.

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Ready to Apply?

It’s easy to apply for a personal loan from Serve and Protect Credit Union. You can apply online even if you are not already a member by completing our short application form.

During your application and after you apply, you may be asked to provide:

  • 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
Apply Now
Woman on the phone providing friendly customer support about personal loans, encouraging borrowers to call Serve and Protect Credit Union with questions or concerns, and linking to the contact us page.
Woman on the phone providing friendly customer support about personal loans, encouraging borrowers to call Serve and Protect Credit Union with questions or concerns, and linking to the contact us page.
Woman on the phone providing friendly customer support about personal loans, encouraging borrowers to call Serve and Protect Credit Union with questions or concerns, and linking to the contact us page.

Fancy a Chat?

Our team is here to answer your questions, talk through your needs and help you throughout the process.

Contact our support team