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Loans Payroll Loan

Payroll loan

Exclusively for employees of Bristol City Council, the Payroll Loan allows you to borrow up to £100 to £1,500 depending on your salary. If accepted, we aim to deposit the money in your bank account within 3 days of receiving your application form provided all the required forms have been returned by 3pm. 

Interest rate

32.9% APR

How much can I borrow on the Payroll Loan scheme?

Your yearly salary
you can borrow

term (months)

monthly repayment

The total
amount of
interest you
will pay

up to £19,317
£19,318 to £28,922
£28,923 to £44,755
£44, 756 and above 

To borrow a larger amount, take a look at our Employer Partner loans

What else you should know 

• Once you have repaid 50% of your Payroll Loan amount you can apply for another loan. The same criteria will apply with regards to the total amount you can borrow. 

• The first repayment will be taken from your next pay following being accepted for the loan and the amount being deposited into your bank account. 

• Once you have repaid the Payroll loan, we will continue to take your monthly payment unless you tell us otherwise – it’s a great way to build up a nest-egg! 

How to apply

  • Join Bristol Credit Union. Make sure you mention that you work for Bristol City Council. 
  • Download and complete the Click to DownloadDownload Payroll loan application form (37.2kb), scan it in and email to lending@bristolcreditunion.org.uk
  • We will send an agreement and payroll deduction mandate form to be signed.
  • Once BCU receives your signed copy back we will transfer funds to the nominated account on the same day.

How to apply


Non Member

How to contact Bristol Credit Union

Main Branch

112/114 Cheltenham Road
Bristol, BS6 5RW

By phone

Call us on 0117 924 7309

By email

Find Us here:
Bristol Credit Union Tel: 0117 924 7309 Fax: 0117 989 2540 Email: info@bristolcreditunion.org.uk Web: http://www.bristolcreditunion.org
© Bristol Credit Union 112/114 Cheltenham Road, Bristol BS6 5RW Tel: 0117 924 7309