Silver loan

Existing members can apply for a Silver loan, provided you have a fair credit profile.

New members on payroll can also apply for a Silver loan.

  • Borrow from £500 to £8,000
  • Repay over up to 60 months

Conditions

  • As a new member, you can apply if you work for an employer qualifying for payroll deduction
  • OK for fair credit profile
  • No more than one CCJ under £1,000.
  • No more than 1 default in the last 12 months
  • Final rate based on credit profile and loyalty discount after third
    loan

Silver loan

How much do you want to borrow?
How long do you want to repay?
Your repayments are every month at
Total you will pay:
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* THIS IS A REPRESENTATIVE RATE FOR QUOTATION PURPOSES. WE WILL BE ABLE TO OFFER YOU AN ACTUAL RATE ONCE WE HAVE UNDERTAKEN A CREDIT CHECK. WHILST EVERY CARE HAS BEEN MADE IN THE PRODUCTION OF THIS WEB PAGE, THE CREDIT UNION, OR ANY OF ITS STAFF, CANNOT BE HELD RESPONSIBLE FOR ANY OMISSIONS, ERRORS OR OTHER MISTAKES MADE. THIS WEB PAGE IS FOR ILLUSTRATIVE PURPOSES ONLY, SO AS TO GIVE YOU, THE BORROWER, AN OVERVIEW OF THE POTENTIAL COST OF BORROWING.

Here is the full list of employers that qualify for payroll deduction:

  • Accord Group
  • Black Country Chamber of Commerce
  • Bushbury Hill EMB
  • City of Wolverhampton Council
  • Coppice Performing Arts
  • FBC Manby Bowdler
  • Gazebo Theatre
  • Gecko Programmes
  • Heath Park (through Central Learning
  • Partnership Trust)
  • Highfields Academy (through Services 4 Schools)
  • Housing Plus Group
  • Moseley Park (through Central Learning Partnership Trust)
  • Northwood Park (through Services 4 Schools)
  • Paycare
  • Radleigh Metal Coatings
  • Royal Wolverhampton NHS Trust
  • South Staffordshire District Council
  • St Stephens (through Strictly Education)
  • The Way Youth Zone
  • Wolverhampton Homes
  • Wolverhampton Voluntary Sector
  • Woodlands Quaker Home