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 10am to 2pm 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’ve saved at least £50 each month with us for 3 months, you’ll be eligible to apply for a loan of between £500 – £10,000 at 2% per month (26.8% APR).

Please be aware that once a loan has been granted, you will not be able to withdraw your shares (savings), unless the value of your shares (savings) is in excess of the loan balance repayable, and your payments are not in arrears.

Small Saver Loan

Once you’ve saved at least £50 each month with us for 3 months, you’ll be eligible to apply for a loan of between £100 – £500 at 3% per month (42.6% APR).

Please be aware that once a loan has been granted, you will not be able to withdraw your shares (savings), unless the value of your shares (savings) is in excess of the loan balance repayable, and your payments are not in arrears.

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.

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.

Swan Community Bank is a trading name of Swan Credit Union which is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority.

Swan Credit Union Ltd. Our registered address is Foundation House, Aylesbury St, Wolverton, Milton Keynes, MK12 5HX. (Company no. 417717).