Loans

We offer affordable loans from £100 to £7,500 to borrowers across the community, and will consider loan applications for any reasonable purpose. Our loan rates range from 1% per month (APR 12.7%) to 3% per month (APR 42.6%) depending on the amount borrowed and your credit history – we never charge more than this, even on small loans.

You can pay weekly, fortnightly, every four weeks or monthly, whichever suits you best. There are no set-up fees or hidden charges, and you can repay your loan early at any time with no penalties. We also encourage you to save alongside your loan.

To apply for a loan you will need to be a member of Solent Credit Union (please see the ‘Join Solent Credit Union’ link above if you are not already a member). We will also need copies of your bank statements for the last three months to accompany your application so that we can ensure the loan is affordable for you. We aim to contact you within 6 working days of your completed loan application being received.

To apply in person:

Please call into our office at 21 East Street, Southampton (opposite “The Glass Lady”) between 10am and 4pm Mondays-Thursdays or 10am and 3pm on Fridays to complete an application form. Please bring your bank statements for the last three months.

If you are not already a member, please also bring two forms of identification (see the ‘Join Solent Credit Union’ link above for more details) and £4 to cover your initial joining fee and opening deposit.

To apply by post (existing members only):

Download an application form using the link below, complete it and post it to the address on the form with copies of your bank statements for the last three months.

Click here to download a loan application form

To apply online (existing members only):

Please click ‘Login to Online Banking’ above to go to the members’ area, where you can complete an online application form. Please also send us copies of your bank statements for the last three months; you can post these to our office at 21 East Street, Southampton SO14 3HG or scan them and e-mail to enquiries@solentcreditunion.co.uk.