As an Employer Partner member you can apply to borrow as soon as you've joined the credit union, and we have some discounted loan rates available too.
You'll need to fill in a loan application form, provide your most recent payslip, and your most recent full month's bank statement (unless you have a BCU Current Account in which case we won't need this). You can download the application form here
 Download Loan Application Form (61.7kb)
See our special interest rates, fixed for the life of the loan:
|
Borrowing… |
£1,000 to £3,000 |
£3,000 to £5,000 |
£5,000+ |
|
Interest rate (APR) |
16.9% |
12.9% |
8.9% |
Some repayment examples:
|
Borrowing… |
£1,000 |
£2,000 |
£4,000 |
£7,500 |
|
Number of months |
12 |
18 |
36 |
36 |
|
Payment |
£90.62 |
£125.49 |
£133.30 |
£237.11 |
|
Total payable |
£1,087.41 |
£2,258.74 |
£4,798.67 |
£8,535.72 |
If the amount you're applying for isn't shown call us for a personal quotation - these interest rates are just for our Employer Partner members and don't appear on the loan calculator section of our website.
There are other benefits to a loan from Bristol Credit Union:
- Easy to repay direct from pay
- No early repayment charges at any time
- Daily interest – when you make a repayment interest is calculated on the reduced balance immediately
- The interest you pay is reinvested in Bristol, not paying dividends to private shareholders
- CHAPS payments for same day loan transfer (for a fee!) or free BACS transfer
- On-line account access
The important info bit
All our loans are subject to status and approval. Employer Partner loans are available from £1,000 to £7,500.
If you don't qualify for the low loan rates shown we may offer you a loan at a higher rate. We may also offer you a loan for less than the amount you applied for.
You will need to save at least £5 per month as well as repaying your loan, and all repayments must be made by Payroll Deduction. Rates can be changed at any time.
CHAPS same day payments cost £20.
Typical example:
Borrow £5,000 repayable over 36 months. Repay £158.07 per month. Total interest charged £690.50. Total amount payable £5,690.50. Typical 8.9% APR. |
