Discounted loan rates for Employer Partner employees
Exclusive rates for members who work for one of our Employer Partners.
- Simple repayment, directly from your salary
- No application fee or set up charge
- The interest you pay stays in our local economy
Interest rates
| Loan amount | APR |
|---|---|
| £50 to £1,499 | 42.6% |
| £1,500 to £2,999 | 26.8% |
| £3,000 to £7,500 | 16.1% |
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. The APR provides consumers with one bottom-line number they can compare with other loan offers,
credit cards, or investment products.
Things you should know
- You must be an employee of one of our Employer Partners.
- You need to be up to date on any current or previous borrowing with Clockwise Credit Union.
- No adverse credit (for example CCJs or payment defaults) in the last 12 months.
- You must have the disposable income to meet the loan repayment.
- Maximum loan term is 60 months.
Interest rates
| Loan amount | APR |
|---|---|
| £3,000 to £9,999 | 8.7% |
| £10,000 to £15,000 | 5.7% |
Things you should know
- You must be an employee of one of our Employer Partners.
- You must be a homeowner for at least 3 years.
- Employed for at least 3 years.
- Have no adverse credit (for example CCJs or payment defaults) in the last 36 months.
- Be up to date on any current or previous borrowing with Clockwise Credit Union.
- Have the disposable income to meet the loan repayment.