Discounted loan rates exclusively for members who are working 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.

Personal Loan for Payroll

Interest Rate

  • From £50 to £1,499 = 42.6% APR
  • From £1,500 to £2,999 = 26.8% APR
  • From £3,000 to £7,500 = 16.1% APR

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.

Personal Plus Loan for Payroll

Interest Rate

  • From £3,000 to £10,000 = 8.7% APR
  • From £10,000 to £15,000 = 5.7% APR

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.


All loans are subject to status and approval. Terms and conditions apply. If you do not meet the criteria for our Employer Payroll Partner Loan rates, or if you are unwilling to accept any special conditions that apply, then we may offer you a loan at our standard Personal Loan rates.