Borrow

Personal Loans for any Purpose

Benefits of borrowing with us:

  • No arrangement fees or hidden charges
  • No penalty for early repayment
  • Affordable interest rates-you only pay interest on what you owe
  • All our decisions are made quickly and based on your individual needs by a person, not a computer scorecard
  • You can apply online or by post
  • We have a hotline for loan advice all weekdays from 8am to 4pm, except Wednesday 8am to 12pm on 03030 300 147
  • We help you to save for your future alongside repaying your loan
  • FREE loan protection insurance*

Payroll Deduction Starter Loan

Anyone who works for an employer who has a partnership agreement with us is eligible to apply for an introductory loan straightaway of up to £2,000 at 2% per month (26.8% APR). Find out more here.

Standard Saver Loan

Once you have saved regularly with us for 3 months, all members are eligible to apply for a loan of between £500-£10,000. Members can usually borrow up to 3 times the amount of their savings. Interest rate of 2% per month (26.8% APR). To borrow as a member please click the “Account Login” link at the top right of this page to apply online or if you prefer, you can download an application form to print out and post back to us. If you need help completing the form please give us a call.

Child Benefit Loan

All parents can now apply for a £500 loan straightaway if child benefit payments are made into your credit union account. Find out more here.

Small Saver Loan

Once you have saved regularly with us for 3 months, all members are eligible to apply for a loan of between £100-£500 at 3% per month (42.6% APR). Members can usually borrow up to 3 times the amount of their savings. To borrow as a member please click the “Account Login” link at the top right of this page to apply online or if you prefer, you can download an application form to print out and post back to us. If you need help completing the form please give us a call.

Home Owner Loan

Now lower rates available for larger loans (over £3,000) – 1 percent per month on the declining balance (12.7% APR). Please call us on 03030 300 147 to discuss your requirements.

 

Our loans are available to those who save with us. Join for free online now.

All loans are subject to status and lending criteria, loans available up to 60 months. View our lending criteria and guidance.

*In the event of your death your loan will be paid off in full. Terms and conditions apply.

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Swan Credit Union Ltd. Our registered address is Foundation House, Aylesbury St, Wolverton, Milton Keynes, MK12 5HX.
We are authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and PRA (Company no. 417717)