Affordable loans
tailored to your needs
- Fair APR
- No hidden costs
- No early repayment penalties
Find a loan and apply online today.
Take advantage of our fair priced loan products. With no arrangement fees or penalties for early repayment, we have a range of affordable loans which are tailored to meet your needs.
Am I eligible?
If your current situation meets the following criteria you may be eligible for one of our loans.
You must live or work in a Birmingham “B ” postcode or the County of Warwickshire.
You must not be subject to a bankruptcy order, IVA, debt relief order or have unsatisfied CCJs less than two years old from application on your credit report.
Check which loan types are suitable for you
£500 – £10,000
(From 1% Per Month (12.7% to 19.6% APR)*
(From 1% Per Month (12.7% to 19.6% APR)*
If you work for a Citysave payroll partner employer listed on the application form pick list, your application will be processed as a Payroll loan.
£500 – £7,500
(From 1.75% Per Month (23.1% APR)*
(From 1.75% Per Month (23.1% APR)*
If you are an existing member but not employed by one of our partner employers, or your income is from Benefits, your application will be processed as a Personal loan.
£500 – £3,000
(From 2.5% Per Month (34.5% APR)*
(From 2.5% Per Month (34.5% APR)*
If you do not work for a Citysave payroll partner, and are not an existing member of the Credit Union, you are still eligible to apply for a fair priced Welcome loan up to a maximum of £3,000.
Existing members and employees of our payroll partners can apply for loans up to £10,000 and will enjoy fair priced loans. An interest reduction will be applied when members repay loans by salary deduction.
Members are eligible to have more than one loan, but the Credit Union will not accept more than one application in any one month period and will not provide more than two loans to any member at any one time. The maximum total borrowing at any one time is £10,000 per member.
Citysave loan calculator
Use the calculator below to work out how much your loan repayments are likely to be.
Simply enter the amount you wish to borrow, over how many months and the repayment frequency.
Our loans
You can apply for loans for different purposes such as holidays, cars, bills, credit card debts, computers, home improvements, just about anything!
We monitor our rates to ensure that they are competitive.
Payroll Personal Loan
£500 – £10,000
From 1% Per Month (12.7% to 19.6% APR)*
*Subject to status
Available to people who work for one of our payroll partners
Loans over £5,000 for home improvements will only be granted to home owners.
1-5 Years
Personal Loan
£500 – £7,500
From 1.75% Per Month (23.1% APR)*
*Subject to status
For existing members unable to pay by payroll deduction
Loans over £5,000 for home improvements will only be granted to home owners.
1-5 Years
Welcome Loan
£500 – £3,000
From 2.5% Per Month (34.5% APR)*
*Subject to status
For new applicants, not currently a member or employed by a Citysave payroll partner employer
1-5 Years
FAQs
Can I have more than one loan?
Members are eligible to have more than one loan, but the Credit Union will not accept more than one application in any one month period and will not provide more than two loans to any member at any one time.
How much can I borrow?
The maximum total borrowing at any one time is £10,000 per member.
How long do I have to repay?
Maximum loan length is 5 Years (2 years if the purpose is for a Holiday)
How do I receive the money?
Payments are made by bacs transfer or loaded onto a pre-paid debit card for security purposes.
Are there any costs to apply for a loan?
There are no hidden costs – we do not charge any arrangement fees or any repayment penalties on any of our loans.
How do you know if I'm suitable for a loan?
All loans are assessed using a range of appraisal tools determined by the Credit Union as appropriate from time to time. We will credit search all loan applications, and we share credit information with credit reference agencies under our privacy policy. We reserve the right to decline applications.
What ways can I repay my loan?
- Payroll deduction from participating local employers
- Direct Debit to make regular payments
- Benefits to be transferred
When will I know if my application was successful?
Once we have all the information for your loan assessment, we aim to come back to you with a decision within two working days. We may ask for evidence of income.
Are the loans based on what I have saved?
No – Each loan is assessed on credit profile and affordability. The amount you borrow is not linked to how much you have saved