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The last date for Christmas Loan Applications is Friday 3rd December.

Due to the situation with Corona Virus COVID-19 we have shut our office and staff are working from home. Information about our service can be found on our COVID-19 page.

Fair loans and flexible savings

Banking run for local people, by local people.

Fair and transparent loans: the SaverPlus Loan

If you’re an existing member of Gloucestershire Credit Union and want to borrow less than your savings, this is the loan for you. This option offers the lowest interest rate of all our loans as we like to reward our members for saving. Gloucestershire Credit Union’s SaverPlus loan lets you borrow without having to use any of your savings, helping you to keep your financial cushion.

Our approach is people-focused and we ensure that 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 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 0.275% to 0.4% per month (APR 3.35% to 4.9%) depending on  the length of the loan.

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 figure is for guidance only and assumes all payments will be made on time. Contact us and ask for a personal quotation.

If you choose to pay off your loan earlier than planned, you won’t be penalised and you’ll also pay less interest.

If you don't have enough savings to guarantee your loan, then a Saver's Loan could be right for you

"The credit union is a really good thing to help people"

“I heard about the credit union through work and thought I’d give it a try. I’ve had loans from them and I’ve also got a savings account. It’s easy to use and the repayments are manageable. I like the way you can save at the same time as paying off a loan. The credit union is a really good thing to help people.”

Ray, Gloucester

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