Fair loans and flexible savings
Banking run for local people, by local people.
Fair and transparent loans
Gloucestershire Credit Union is the small loans’ specialist. We can lend up to £10,000 over 5 years at interest rates starting from 3.4% (APR) - the exact rate depends the type of loan and your circumstances. Whatever the reason for borrowing, we have a range of loans for both new and existing members to fit your situation.
Our approach is people-focused so we ensure there are no nasty surprises hidden away in the small print – because there is no small print. When you take out a loan with us, you:
- will know how long it’ll take to repay your loan
- will know how much the instalments will be
- won’t find any early repayment charges,
- won’t find any set-up costs or no hidden fees
- will pay less if you pay off your loan early.
We aim to put a friendly face to finances and, as we’re local, we can get to know our members.
Before taking out a loan with us, you’ll need to become a member. This is simple! Just open a savings account which costs £5 admin fee and a minimum of £5 deposit into your new account. You don’t need to have saved any further before applying for a loan but once you’ve saved with us for 13 weeks, you become eligible for a better rate of interest.
If you aren’t already a member of Gloucestershire Credit Union, you can apply to join here.
The loan for existing members who have saved regularly for 13 weeks or more. The total amount that can be borrowed depends upon how much is in their savings account.
The loan for existing members who want to borrow less than, or up to the total, that they have in savings. The savings must always be more than the amount of the loan.
The loan for new members who haven’t built up any savings. Also for existing members who want to borrow more than they could with a Savers’ Loan.
"It helps me to plan for future expenses and take better control of my finances."
“I’m a member of Gloucestershire Credit Union and think the work it does is great. I really value having an ethical and affordable place to borrow from as well as a safe place to save. It helps me to plan for future expenses like Christmas and take better control of my finances. I can save a little or a lot, it’s up to me and I know I’ll be treated fairly and as a human being”
Becoming a member involves opening a savings account which costs just £5 admin fee and a £5 deposit into your new account.
Join online here, download an application form or ring us on 01452 422712
Engage Pre-paid Visa Card
Load money onto the Engage visa card to make purchases without the risk of spending too much.
Available to Credit Union Members.
Find out more an apply online.
Have any questions?
Find out more about us in our ‘Frequently Asked Questions’ section where hopefully you’ll find the information you need.
If not, ring us on 01452 422712 Monday – Friday, 10am – 1pm, or email email@example.com.