We will be closed on Friday 19th to Monday 22nd for Easter and will re-open at 10am on Tuesday 23rd.

Requests for withdrawals must be with us by 1pm on Wednesday 17th to be paid before the Easter break.

Fair loans and flexible savings

Banking run for local people, by local people.

Fair and transparent loans: the Saver’s Loan

This is Gloucestershire Credit Union’s standard loan for members who’ve saved consistently over a period of at least 13 weeks.

The amount that can be borrowed is based upon the amount of savings in the member’s account:

Your first loan:

  • 3 x the total amount that you have in your savings account up to a maximum of £5,000.
  • The loan must be repaid with 36 months (3 years).
  • You must keep savings in your account equal to a third (33%) of the loan until the loan is paid off.

All other loans:

  • 5 x the total amount that you have in your savings account up to a maximum of £10,000.
  • The loan must be repaid within 60 months (5 years).
  • You must keep savings in your account equal to a fifth (20%) of the loan until the loan is paid off.

Our approach is people-focused so we won’t spring any nasty surprises on you hidden away in the small print – because there is no small print.

When you take out a loan with us, from the start you:

  • will know how long it’ll take to repay your loan
  • will know how much the instalments will be
  • won’t be penalised for repaying the loan early
  • won’t find any set-up costs or no hidden fees

Interest is charged at a rate of 0.6% to 2% per month (APR 8.73% to 26.8%) depending on the loan terms, your circumstances, and credit history.

Loan Calculator

Loan Amount

£0 £10000

Loan Period

6 Months 60 Months
Your monthly repayment will be .
The monthly interest rate used in this example is .
This is equivalent to an APR of
The total you will pay back will be .

Please Note: the above figures are for guidance only; they are based on a representative interest rate and assume all payments will be made on time.

The actual interest charged will depend upon you personal circumstances and credit history and may be higher or lower, Please Contact us and ask for a personal quotation.

If you’re not a member already but need a loan, our CURight Loan could be suitable. Find out more

"Gloucestershire Credit Union is fantastic."

"I have been both a saver and a borrower, the first and most obvious benefit is the low interest rate, but the self discipline the union encourages means that for the first time in my adult life I have become a saver. I would recommend the credit union to anyone working or unemployed.”


Sean, Gloucester