Our lowest interest loan secured by your savings


If you are already a member of Wiltshire and Swindon Credit Union and have a sizable savings pot which you would like to leave intact for the future, you can borrow funds from us up to your saved amount at our lowest interest rate of 0.375% per month (4.6% APR).

  •  Affordable loan
  •  Quick decision-making
  •  Flexible repayment terms 
  •  Low interest rate
  •  No hidden cost 
  •  Personal service

How much will my loan cost?

Product features


For current members who want to borrow less than they have saved with us.

  • Borrow from £250 up to £10,000
  • The maximum length of the loan is 5 years
  • The interest rate is 0.375% per month.
  • The interest rate is fixed throughout the loan, so repayments are predictable
  • Choose to repay monthly, weekly, fortnightly or 4 weekly, whatever works best for you
  • Share balance matches loan




The main requirement for a Secured Loan, is that you want to borrow less than you have saved in your shares account.


  • You must be at least 18 years old
  • However much you borrow, we will ask about your income and regular spending, so we can be sure the loan will be affordable
  • We will check your credit history, as we do not lend to anyone who is an undischarged bankrupt, or entered into a trust deed, a Debt Arrangement Scheme (DAS), an Individual Voluntary Arrangement (IVA) or a Debt Relief Order (DRO).


Helpful tips


  • If you want to borrow more than you have saved, but less than 5 times your savings, you should apply for a loyalty loan, although it will have a higher interest rate.
  • Use the loan calculator before you apply to see how much the repayments will be, so you can be confident you can afford this loan.
  • Plan your finances better and work out affordability, by building your own budget. We recommend the Money Course to help with this.

General Information

Standard Loans are for members who have borrowed successfully before, but have not yet built up enough savings to qualify for a Loyalty Loan

While repaying such a loan you will be asked to pay into your savings account at the same time, in order to build up some resilience in your finances. We request £5 per month for loans up to £500, £10 per month for loans up to £1000 and £15 for loans above £1000. We would always encourage you to save more if you can.

Applicants must be a UK resident and at least 18 years old.

Our handy online loan calculator tool gives lets you check rates out for yourself. Simply slide to the amount you intend to borrow, and how long you want the loan to run, and you can easily try out various repayment scenarios. This facility can also be used to check out credit union rates against other lenders. Remember to include any existing borrowing to find your total repayments.

To apply for a standard loan online, log in as a member and then just select the relevant link from the online application section. Alternatively, to find out more, call our offices now on 01793 522216.



We do not charge any administration fees for accessing our loans. We do not charge for re-paying your loan early.



Interest is fixed throughout the duration of your loan agreement. Interest is calculated daily and in arrears, then charged to your loan account monthly. Interest is calculated on a decreasing balance.


Repayment Information

You may make repayments on your loan using Direct Debit or Standing Order, both of which our office team can help you with. Alternatively you can make regular repayments using your own online banking facilities, or pay in cash at one of our collection points.

Our products

Our loan products at a glance

Personal Loan

The loan you want - when you need it

Secured Loan

A loan secured against your savings

Loyalty Loan

Up to 5 times your pot of savings

Family Loan

Loan for parents against Child Benefit

Member of ABCUL

Authorised and Regulated by

Your money is protected up to £85,000

Accredited by FairLife