Payroll Loans through our Payroll Membership Scheme couldn’t be easier.
Our Employer Partner Loan gives you:
Loans from £50 to £15,000
- Simple repayment – directly from your salary.
- No application fee or set up charge.
- The interest you pay stays in our local economy.
- From 16.1% – 42.6% APR depending on your circumstances
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.
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.