Payroll loans for home improvements
Whether you're updating your kitchen, decorating a room or tackling essential repairs, home improvements can be expensive.
A payroll home improvement loan from Great Western Credit Union can help you spread the cost through simple repayments deducted directly from your salary.
✓ Borrow up to £15,000 with exclusive rates from 7.9% APR.
✓ No hidden, early or late repayment fees
✓ Automatic repayments straight from your salary
✓ Pay back over 1 month to 5 years
Fund your home improvements with a payroll loan
Whether you're upgrading your kitchen, replacing worn-out furnishings, decorating a room or tackling essential repairs, having access to funds upfront can help you get started on your home improvements sooner.
Our payroll loans are available through partnered employers and offer a simple way to spread the cost through manageable repayments taken directly from your salary.
What is a payroll home improvement loan?
A payroll home improvement loan can be used to help you fund renovations, repairs and improvements around your home.
Repayments are made through salary deduction, meaning they're automatically taken from your pay before it reaches your bank account.
A payroll home improvement loan can be used for:
- New kitchens and bathrooms
- Decorating and redecorating
- Flooring and carpets
- Furniture and appliances
- Roofing and structural repairs
- Garden improvements
- Energy-efficiency upgrades
Whether you're making small updates or planning a major project, a salary deduction loan could help you spread the cost, with repayments taken directly from your salary.
Get a quote before you apply
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Find out how much you will need to repay.
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We'll also tell you how likely you are to be approved.
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Getting a quote won't affect your credit score.
You can borrow from between £100 and £15,000 at 7.9% to 29.9% APR representative. Repay your loan over 1 to 5 years.
Loans are subject to status.
We will show you:
- your personalised interest rate
- how much your repayments will be
- how much the total loan would cost
Key details
Important information before you apply.
£100 - £15,000
7.9% to 29.9% APR representative on loans between £100 and £15,000.
Your rate is personal to you. It’s based on things like your credit score, income, and loan amount, so it might not match the Representative APR.
No matter what, we’ll never offer a rate above 29.9% yearly (fixed).
The rate you see in your quote is an estimate and not a guarantee.
Representative APR: 29.9%
Representative example: Borrow £1,500 over 24 months, and repay £81.18 per month, total amount payable (including interest of £448.32) is £1,948.32. 29.9% APR representative.
Your actual rate will depend on your credit profile. Rates range from 7.9% to 29.9% APR.
Other examples:
Borrow £4,000 over 24 months, and repay £206.84 per month, total amount payable (including interest of £964.16) is £4,964.16. 23.9% APR representative.
Borrow £10,000 over 48 months, and repay £242.58 per month, total amount payable (including interest of £1,643.84) is £11,643.84. 7.9% APR representative.
1 month - 5 years.
There are no fees for paying your loan off early.
Ready to improve your home?
Whether you're upgrading furniture, tackling essential repairs or planning a bigger renovation project, a GWCU salary deduction loan could help you spread the cost with confidence.
Why choose Great Western Credit Union?
As a credit union, we do things differently. We’re a mutual, member‑owned financial organisation, which means our focus is always on our members’ financial wellbeing, not making profits for shareholders.
As a co-operative, we care deeply for our local communities in the South West. That’s why every penny stays right here in the region with any profits reinvested to benefit our members and the communities we’re proud to serve.
We always take your current circumstances into consideration, not just your credit history.
No hidden costs, no late fees, and no penalties for early repayments.
We pride ourselves on being responsible lenders, meaning we only approve a loan if we’re sure you can safely repay it.
With plans stretching up to 5 years, repayment schedules are adapted to your lifestyle so you’re never caught out.
How much could a payroll home improvement loan cost?
Use our home improvement payroll loan calculator to see how a GWCU salary deduction home improvement loan fits your budget.
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This example is an estimate. The actual rate you're offered could be higher or lower than the rate in this example depending on your personal situation, the loan amount and the term you choose when you apply. You'll see your personal rate before you decide to go ahead.
Am I eligible for a home improvement loan through salary deduction?
To apply for this loan, you need to meet the following criteria:
- You have to be aged 18 or over
- You must be employed by one of our employer partners (Check here)
You have to have a regular income over £450 per month - You have to have enough disposable income to meet the loan repayments
There are two other eligibility criteria, but these are optional:
- If you are a UNITE and UNISON trade union member from the South-West
- If you are a tenant of one of our partner housing associations
Can I get a payroll home improvement loan with bad credit?
While we do perform an initial credit check, it’s not the only thing we look at. We also consider your personal circumstances and income when reviewing your application to make sure the loan is right for you.
Why choose a payroll home improvement loan?
Because repayments are deducted directly from your salary:
- You don't need to remember repayment dates
- You'll know exactly how much you're repaying each month
- Budgeting becomes simpler and more predictable
- You won't need to manually move money around to make repayments
It's a straightforward way to manage borrowing and make home improvements more affordable.
Ready to improve your home?
Frequently asked questions
Is a payroll loan a good way to finance home improvements?
For some people, a home improvement loan repaid through their salary can be a useful way to spread the cost of larger projects or purchases, whether that's renovating a room, replacing worn-out furniture or carrying out essential repairs around the home.
Before borrowing, it's important to make sure the repayments fit comfortably within your budget and that you're only borrowing what you need.
Do people take out payroll loans for home improvements?
Many people take out loans to help cover the cost of home improvements, renovations and household purchases. Whether it's redecorating a room, replacing flooring, buying new furniture or carrying out larger projects around the home, a salary deduction loan can help spread the cost over time.
However, it's important to remember that you'll need to repay what you've borrowed, plus interest, over an agreed period. This means you'll repay more than the original loan amount.
Are payroll home improvement loans secured or unsecured?
Generally, home improvement loans from credit unions are unsecured. This means you don't need to use your home, car or any other asset as security when borrowing for renovations, repairs or upgrades around the home.
At Great Western Credit Union, our payroll home improvement loans are unsecured, giving you the flexibility to fund your project with confidence, whether you're decorating a room, buying new furniture or taking on a larger renovation.
What can I use a payroll home improvement loan for?
A payroll home improvement loan can be used for a wide range of projects, both big and small. Many people use them to help fund decorating projects, new furniture, flooring, kitchen or bathroom upgrades, home repairs, garden improvements, or energy-efficiency upgrades.
Whether you're giving your home a fresh look or making practical improvements, a payroll home improvement loan can help spread the cost.
Can I get a payroll home improvement loan with bad credit?
At Great Western Credit Union, we consider more than just your credit history. While we do conduct an initial credit check to make sure you can safely repay your loan, we also take into account your personal circumstances when reviewing your application.
Take our quick eligibility check to find out whether a home improvement loan is right for you.
How long does it take to get a payroll home improvement loan?
Home improvement loans can help you get started on your project sooner, giving you access to the funds you need straight away if your application is approved.
Why did I receive a salary deduction loan when I applied for a payroll home improvement loan?
A credit union payroll home improvement loan is simply a salary deduction loan used to cover the cost of home improvements.
When you apply, your application will show as a salary deduction loan. Our salary deduction loans can be used for many different reasons, including home improvements or home repairs.
That means nothing’s changed about what you’ve applied for. It’s simply the type of loan we offer, and you can still use it for your home as planned.
Is a payroll home improvement loan the same as a salary deduction loan?
A payroll home improvement loan is a salary deduction loan used to fund repairs, renovations and other improvements around your home.
At Great Western Credit Union, eligible employees can apply through our employer partnerships and repay their loan through salary deduction. This provides a way to spread the cost of home improvements over an agreed repayment period.