Payroll Loans

  • If employed by one of our payroll partners (see below) you may be eligible to apply for an introductory loan of up to £5,000 at as low as 1.5% per month (19.6% APR). This is available without a savings history with us.
  • All loans are subject to credit reference checks.
  • Small Payroll Loan of £750 – £2000 at 2% per month (26.8% APR) over 12- 36 months
  • Payroll Loan of £2001 – £4000 at 1.75% per month (23.1%APR) or for loan amounts from £4001 – £5000 at 1.5% per month (19.6% APR) for a loan term of 24 – 60 months
  • The repayments on the loan as well as a Regular Savings Commitment of a minimum £10.00 per month will be taken directly out of your salary by your employer.

We currently have partnership agreements in place with the following organisations:

  • Buckinghamshire Council
  • Green Square Accord
  • Milton Keynes Council
  • Oxford Bus Company
  • Oxford City Council
  • Oxford University Hospital Trust
  • Response
  • South Oxfordshire District Council
  • Trousedale
  • University College Oxford
  • Vale of Aylesbury Housing Trust
  • Vale of White Horse District Council


Visit the Payroll Deduction Scheme

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, The Square, Wolverton, Milton Keynes MK12 5HX. (Company no. 417717).