Advantage Loan

Our lowest loan rate for those who have an excellent credit score

Borrow from £7,500 to £15,000

How would you like to pay back?
(Select a time period)

Larger loans to finance your dreams

With our low rate of 6.9% APR representative for loans of £7,500 to £15,000, we're making it more affordable than ever to finance your dreams and have a positive local impact. 

  • Competitive interest rate  
  • Interest you pay only benefits members in our local neighbourhoods 
  • No charges for overpayments or settling your loan early  

You need to meet certain criteria to qualify for an Advantage Loan. If you do not meet the criteria, you could still apply for a personal loan.  


Apply for a personal loan


Qualifying criteria

1. You must have the disposable income to meet the loan repayment  

2. You must be a homeowner for at least three years or have an excellent credit score (our decision on what constitutes an excellent score is final) 

3. You must be employed for at least three years  

4. You must have no adverse credit (for example CCJs or payment defaults) in the last 36 months  

5. You must be up to date on any current borrowing with GWCU  

Interest rate

From £7,500 to £25,000 - 6.9% APR

Representative example

Borrow over months, and repay per month, total amount payable (including interest of ) is . % APR representative.
Try our calculator to see what your payments would be and the total interest you would pay based on your borrowing requirements. Try the calculator

We’ve been helping local people borrow better for over 20 years

We’ll consider you for a loan, even if you’ve been turned down elsewhere

99% of our borrowers are happy with our service

We are regulated by the Financial Conduct Authority


You can use a personal loan in several ways. Whether it is making home improvements, buying a car, taking care of an unexpected bill or a wedding, a personal loan can help you spread the cost.

Yes. As a responsible lender, we will check your credit history with a Credit Reference Agency to help us make our lending decisions, but you can still qualify for a loan with us even if you’ve got a bad credit history.

Even if you have had difficulties managing credit or bills in the past, you may be able to qualify for a loan with Great Western Credit Union, subject to affordability.

We do carry out a credit check, but a poor credit history does not necessarily mean we won’t lend to you. We take every applicant’s personal circumstances into account when we make our decision.

Read our blog post on the top 5 reasons why we turn applications down - and what you can do to turn that ‘no’ into a ‘yes’.

We offer loans from £100 to £15,000. How much you can borrow depends on your personal circumstances. When we make our decision, we look at factors such as your income, your outgoings and if we think you'll be able to afford to repay the loan.  

Read our blog post on the top 5 reasons why we turn applications down - and what you can do to turn that ‘no’ into a ‘yes’.

Not sure this is the right loan for you? Have a look at our other products

View our other loans