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We have made it easy to borrow as little as £50 or up to £10,000 at a fair, affordable rate with no application fees and no early repayment charges.

I applied for a top up loan and the money was in my account within 5 minutes – literally 5 minutes! Really helpful and very handy!

Some great reasons to choose Clockwise

  • Easy to apply
  • No hidden costs
  • No penalties for paying off early
  • Affordable, flexible repayments
  • Highly competitive with lower interest rates
  • All applicants considered, regardless of personal circumstances
  • Responsible and affordable alternative to short term (payday) loans
  • The interest you pay stays in our local economy

Our Loans

Borrow from £50 to £7,500

  • Many financial institutions do not offer loans under £1,000, so come to us for the amount you would like to borrow.
  • If you’ve had trouble in the past, that does not necessarily stop you from getting a loan.
  • Interest rate is fixed and depends on how much you borrow.
  • More competitive interest rates than a payday loan or a doorstep lender.
  • Benefit incomes accepted.
More Information

Borrow from £3,000 to £10,000

  • Be a homeowner.
  • Have lived at your current address for more than 3 years.
  • Be over 25 years old.
  • Have a good recent credit history.
  • Be willing to make repayments by standing order.
  • No application fees or early repayment charges.
More Information

Borrow from £50 to £15,000

  • Loans from £50 to £15,000 with discounted loan rates exclusively for members who are working for one of our Employer Partners.
  • Includes a special free benefit where you loans repayments can be waived by Clockwise for up to 12 months should you be unable to work due to accident, sickness or involuntary unemployment (ASIU) at no extra cost to you.
  • Interest rate is fixed and depends on how much you borrow.
  • Simple repayment – direct from your salary.
  • No application fee or set up charge.
More Information

Borrow up to £500

Our Family Loan can help you spread the cost of expenses like Christmas, back-to-school costs or unexpected bills. Borrow up to £500 and repay using your Child Benefit.

More Information
Loans with values

We consider all circumstances including if you are on benefits or have a bad credit history.

No hidden suprises

Our loans are simple and transparent. We don’t charge missed payment fees or early repayment charges.

Flexible & affordable

We can lend at fair and affordable rates. You can choose between weekly, fortnightly or monthly repayments.

How to Apply

Apply Online

Apply online and we will try to give you an instant decision. If that is not possible, we aim to make a decision within 1 working day.

Bank Statements

We may ask you to share your bank statements with us. You can do this entirely online using Open Banking. This is a quick, easy and secure way to share your bank account information with Clockwise.

Money in your account

If your application is approved we will setup your repayments,  ask you to sign an electronic loan agreement and then send the loan to your nominated bank account via Faster Payment.

Loans are available to anyone living or working in Leicester, Leicestershire or Rutland. If you are an employee or are a tenant of Asra, Raglan or Sanctuary Housing you are also eligible to join.

Anyone experiencing difficulties making loan repayments should contact us or a money advice organisation. Consider using a Debt Test to find out whether you have, or are likely to have problems with your borrowing.

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