
Affordable Personal Loan
Get the money you need to cover an unexpected cost, fund your dreams, or make a big purchase. Use your loan however you want, and repay the way that works for you.

Borrowing made for you
As a community focused co-operative, we exist to support local neighbourhoods to access financial services in a fair, affordable way. We know that ordinary families are facing tough financial decisions every day. At GWCU we help our members with loans and savings which lessen their stress around money.
Why choose a Great Western Credit Union personal loan?
There are many different GWCU loan options, but they all have ethical, responsible features.
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The online application only takes 15 minutes
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Start your application and save it if you need more time
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Decisions on your application will be made by qualified lenders
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Our team makes sure the repayments are affordable for your lifestyle
- Our interest rates are fixed with no surprises
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There are no hidden charges, no late fees, and no early repayment penalties
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Choose your repayment plan with weekly, fortnightly, or monthly repayments
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Take up to 5 years/ 60 months to repay your loan
Key details
£100 - £15,000
14.9% APR - 42.6% APR
Interest rates change based on how much you borrow:
From £100 to £1,749.99 - 42.6% APR
From £1,750 to £2,499.99 - 35.9% APR
From £2,500 to £4,999.99 - 23.9% APR
From £5,000 to £7,499.99 - 19.9% APR
From £7,500 to £15,000 - 14.9% APR
Loans are subject to status.
Borrow £3,000 over 12 months, and repay £280.28 per month, total amount payable (including interest of £363.34) is £3,363.34. 23.9% APR representative.
1 month - 5 years.
There are no fees for paying your loan off early.
To apply for a loan, you need to meet the following four criteria:
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You have to be aged 18 or over
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You have to live or work in Bristol, Bath, Gloucestershire, Wiltshire, Somerset, and Dorset
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You have to have a regular income over £450 per month
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You have to have enough disposable income to meet the loan repayments
Here’s what you need to apply
We need this so we can contact you easily.
This is important so we can send your loan documents to you.
This is to prove your identity.
We use Open Banking to securely confirm your income, so there’s no need to provide bank statements or payslips.
We need these so we can set up your loan repayment.
Ready to finance your goals?
Keeping your money safe
When you save or borrow with GWCU, your money is:
Helpful information
What can I use a Personal Loan for?
You can get a Personal Loan for almost any reason. This could include:
- Buying a new car
- Paying for a holiday
- Making home improvements
- Covering unexpected costs – like a broken boiler or washing machine
It’s up to you what you decide to use your loan for but we do ask you to be honest, and we may ask for more information if it could affect your ability to repay. Need ideas? Check out our blog here for 5 ways you can use a small loan.
How long can I repay my Personal Loan over?
You can spread your repayments from 1 month to 5 years, depending on how much you borrow.
For example:
- £100–£1,749: 1 to 2 years
- £1,750–£2,499: 1 to 3 years
- £2,500+: 1 to 5 years
Loans are subject to status.
I applied for a larger amount but received a lower offer
We may offer you a smaller loan if you didn’t meet the criteria for the full amount you applied for.
When we assess your application, we look at:
- Your income
- Your outgoings
- Whether the loan would be affordable for you
As a responsible lender, we’ll only offer what we believe you can safely repay.
This helps protect you from financial difficulty and ensures our loans stay fair and affordable for all of our members.
I applied for a Personal Loan but was offered a different loan
If you applied for a Personal Loan but were offered a consolidation loan instead, it’s because your application indicated that the loan would be used for debt consolidation. This means you must use your loan to repay your debts.
Working for our members
Our friendly Member Engagement Team live and work in our communities. They're specially trained and ready to help you.