Loans

The first place you should turn to when borrowing money

Whatever your needs are, Wiltshire and Swindon Credit Union should be the first place you turn to when wanting to borrow money, whether it’s for unexpected bills such as car repairs or home appliance breakdowns or larger requirements such as home improvements, car purchase or that holiday of a lifetime.

Borrowing from a Credit Union is different, because:

  • We treat every customer as an individual, assessing their needs and circumstances personally, rather than through an automated computer programme
  • There are no set-up fees for our loans, nor are there hidden charges for early repayment or lump-sum payments
  • If you are an existing member, and have built up a savings pot, you can qualify for discounted rates. The interest we change on loans varies from 4.5% to 42.6% APR, dependent on your history with us.

Introductory Loan

If you are new to the Credit Union, we can offer an Introductory Loan of up to £3,000.

This offers the following benefits:

  • Interest rate of 2.75% to 3% per month (38.5% to 42.6% APR), fixed for the duration of the loan
  • Membership of the Credit Union, allowing you to save and qualify for future benefits as a member
  • Repayments can be made weekly/fortnightly/4 weekly/monthly

You can apply for a loan here or in person at one of our contact points. Note that all applications are subject to a credit assessment and affordability check as part of our responsible lending policy.

Debt Consolidation Plan

If you are currently paying back some high-interest loans, we may be able to offer you a low-cost alternative which will reduce your monthly outgoings, and also give you the opportunity to put some of the money you save into a savings account for the future.

For new members we can offer an initial loan of £3,000, which we can increase to £5,000 after 6 months and then to £7,500 after 12 months, depending on your repayments. For existing members with a good savings/borrowing history we can agree a faster plan with lower interest rates.

This offers the following benefits:

  • Interest rate of 1% to 2% per month (12.7% to 26.8% APR), fixed for the duration of the loan and dependent on the amount borrowed
  • Membership of the Credit Union, allowing you to save and qualify for future benefits as a member
  • Repayments can be made weekly/fortnightly/4 weekly/monthly

You can apply for a loan here or in person at one of our contact points. Note that all applications are subject to a credit assessment and affordability check as part of our responsible lending policy.

Standard Loan

If you have borrowed successfully from us before, but have not yet built up a pot of savings, we can offer a standard loan of up to £3,000.

This offers the following benefits:

  • Interest rate of 1.5% to 3% per month (19.6% to 42.6% APR), fixed for the duration of the loan
  • Continued membership benefits
  • Repayments can be made weekly/fortnightly/4 weekly/monthly

You can apply for a loan here or in person at one of our contact points. Note that all applications are subject to a credit assessment and affordability check as part of our responsible lending policy.

Loyalty Loan

Our low interest loan linked to savings

If you are already a member of Wiltshire and Swindon Credit Union and have built up a savings pot with us, you will qualify for lower interest rates for the amount you borrow from us. To qualify, you may borrow up to 5 times the level of your savings.

This offers the following benefits:

  • Interest rate of 0.5% to 2.5% per month (6.17% to 36% APR), fixed for the duration of the loan
  • Rates dependent on the amount you borrow
  • Repayments can be made weekly/fortnightly/4 weekly/monthly

You can apply for a loan here or in person at one of our contact points. Note that all applications are subject to a credit assessment and affordability check as part of our responsible lending policy.

Secured Loan

Our lowest interest loan secured by your savings

If you are already a member of Wiltshire and Swindon Credit Union and have a sizeable savings pot with us, but would like to keep it for a rainy day, you can instead borrow up to your saved amount at our lowest interest rate.

This offers the following benefits:

  • Interest rate of 0.375% per month (4.5% APR), fixed for the duration of the loan
  • Loan limited to the amount you have saved
  • Repayments can be made weekly/fortnightly/4 weekly/monthly

You can apply for a loan here or in person at one of our contact points. Note that all applications are subject to a credit assessment and affordability check as part of our responsible lending policy.

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About Us

Wiltshire and Swindon Credit Union was formed by bringing together a number of smaller credit unions which operated around the county.

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Community Points

We run a number of community points around the county and in Swindon, where you can save or withdraw money, or make an application for a loan.

Find Your Nearest Point Here

Join Us

Membership is open to anyone who lives or works in Wiltshire or Swindon.

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