Fair, transparent lending for local homeowners in employment.
The heart of the home deserves a fresh upgrade.
Turn your garden into a relaxing summer retreat.
Solar panels, insulation, and efficient heat pumps.
Boilers, roofing, and vital structural repairs.
Estimates only. Actual rate depends on eligibility.
This calculator uses a standard amortisation formula for an estimated repayment.
You can borrow £5,000 at an APR of 8.7%.
A loan of £5,000 paid back over 24 months at 8.7% APR would mean a monthly repayment of £227.74 and total repayable £5,465.67.
There are no application fees or early repayment fees.
As part of your application, you may be asked to complete a credit check.
This loan is only available to members who meet all of the following:
APR Disclosure: Annual Percentage Rate (APR) refers to the annual interest generated by a sum that is then charged to borrowers. APR is expressed as a percentage that represents the annual cost of borrowing over the term of the loan. This figure includes any fees or additional costs associated with the loan. If you do not meet this criteria, we may still be able to offer you a Clockwise loan at a different rate.
Missing payments may have a negative impact on your credit score. Please only borrow what you can comfortably afford.
Apply in 2 minutes. We check your affordability without harming your score.
Our local underwriters look at your story, not just a credit number.
Once approved, funds go straight to your account.
We are member-owned. Surplus goes back to the community.
Repay early at no extra cost.
We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority (FCA). Your savings and loans are safe with us.
When you borrow from us, you become a member of the Clockwise community. We look at your individual circumstances, not just an automated credit score.
32,500+
Active Members
£12m+
Currently Lent Locally
Interest Rate
Vs. 25.9%+ Variable
End Date
No more endless payments
Early Exit
Vs. hidden penalty costs
Any, employed, homeowner in our common bond area can apply. You’ll need to be aged 18 or over and able to provide proof of income. Unlike big banks, we look at the person behind the application, not just the numbers on a screen.
Most of our members receive a decision quickly, and once approved, funds are typically transferred to your account within 24 hours.
No. We use a “soft search” for our initial eligibility check. This allows us to see if we can help you without leaving a mark on your credit file that other lenders can see. A full credit check is only performed once you decide to proceed with the formal application.
Your rate is primarily based on the amount you borrow. For example, loans between £3,000 and £10,000 carry a representative APR of 8.7%, while smaller loans under £2,999 have a fixed APR of 42.6%. Your individual circumstances may also influence the final rate offered.
No, our home improvement loans are unsecured. This means the loan is based on your personal circumstances and affordability, rather than using your home as collateral.
No, you don’t need formal quotes to start your application. However, having a clear idea of your estimated project costs helps us ensure the loan is affordable for you. You are in control of how and when you pay your tradespeople.
Building a small contingency into your initial loan request can be beneficial. If you find you need additional funds later, you can apply top-up your existing loan, subject to a new affordability check.
Join 15,000+ Midlands residents who choose a fairer way to borrow.
Check My Eligibility Now
Clockwise Credit Union is authorised by the Prudential Regulation Authority
and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
All loans are subject to status and approval. Terms and conditions apply. If you do not meet the criteria for a specific lending rate, or if you are unwilling to accept any special conditions that apply, then we may offer you an alternative loan at an alternative rate.