Toy Car

Loans

Our interest rates are low, with no hidden charges

About our Loans

We are not here to make big profits

We charge interest starting at just 0.5% per month on the reducing balance (6.2% APR). This interest is used to cover our costs and any surplus would be paid back to members as an annual dividend.

At all times our Credit Union members are treated with respect and courtesy and your personal details will be kept in strict confidence.

Standard Loan

Available to all members

Available to all members. Standard Loans are available from £100 to £7,500, and interest ranges between 2% and 3% per month on the reducing balance dependent on the amount you are borrowing (26.8% APR to 42.6% APR).

Standard Loan

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Family Loan

Available to members who receive Child Benefit

You can apply for a loan of up to £500 if you receive Child Benefit for one child, or up to £1000 if you receive Child Benefit for two or more children. You have your Child Benefit paid directly into your Wyvern Savings and Loans Account.

Family Loan

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Saver Loan

Available for members who have built up savings

Saver Loan

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Saver Loans are available for members who have built up savings in their Credit Union account, interest ranges between 1.5% and 2% per month on the reducing balance dependent on the amount you are borrowing (19.6% APR to 26.8% APR). To qualify for a Saver loan you must have a third of what you want to borrow in your savings with us.

Guaranteed Loan

Ideal for someone wishing to build up their credit rating

Guaranteed Loan

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Guaranteed Loans are available for members who have built up savings in their savings account. Interest ranges between 0.5% and 1% per month on the reducing balance, dependent on the amount you are borrowing (6.2% APR to 12.7% APR). The guaranteed amount you borrow will be held in an Attached Share account, this is held as security against the loan.

Payroll Loan

Available to employees of our Payroll Partners

Available to employees of our Payroll Partners. Payroll loans are available, at interest rates of 9.4%APR to 12.7%APR

Payroll Loan

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Fisheries Loan

Available to EMFF applicants

Available to EMFF applicants. Fisheries Loans are available from £100 to £7,500, and interest is 1.5% per month on the reducing balance (19.6% APR).

Fisheries Loan

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