Different loan products
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Loans Loans

Take Out a Loan

Whether you're looking to borrow to help with your household expenses or for a larger purchase, we have the right personal loan to suit you. We've made it easy to borrow as little as £50 or up to £15,000 at a fair, affordable rate with no application fees and no early repayment charges..

Loan Calculator apply now

Eight great reasons to choose a Wandsworth Plus loan

  • Quick
    Loan decisions normally take just 1-3 days
  • No hidden costs
    and no penalties for paying the loan off early
  • Money with values
    Unlike banks or money shops, the cost of the loan does not go to make anyone rich, but is used to give our borrowers and savers the best rate possible.
  • Fair
    We treat you as an individual and assess your ability to pay back the loan by knowing you, not just your credit score
  • Flexible
    Pay weekly, monthly or fortnightly and save interest by making additional payments with no penalties
  • Affordable
    Only pay interest on the decreasing balance
  • Highly competitive
    Our Interest rates are grouped by product and amount being borrowed, not based on your supposed ’Risk’.
  • Free life insurance
    on loans*

*Subject to terms and conditions. Cover limits vary and certain restrictions apply based on age and cover. Loan Protection is provided by Cuna Mutual Life Assurance Ltd who are regulated by the Financial Conduct Authority and is underwritten by Sterling Life Ltd who are authorised by the PRA and regulated by the FCA & PRA

Our Loans At a Glance

Premium Loan

Borrow from £2,001 to £7,500

TO BE ELIGIBLE FOR THIS LOAN, YOU MUST:

  • Be in full-time employment with annual income minimum of £25,000.
  • Be over 25 years old.
  • Have a good recent credit history.
  • Be willing to make repayments by standing order. For a quick decision we require the latest two months bank statements and your last payslip which can be emailed following submission of the online application.

Payroll Plus Loan

Borrow from £50 to £7,500

TO BE ELIGIBLE FOR THIS LOAN, YOU MUST:

  • Have your employers signed up in partnership with Wandsworth Plus CU.
  • Have a good recent credit history (based on your credit report).
  • Been working for your organisation for a minimum of 6 months.
  • Be willing to make repayments via Payroll deduction.
  • For a quick decision we require the latest two months bank statements and your last payslip which can be emailed following submission of the online application.

'Save as You Borrow' Loan

Borrow from £500 to £3,000

TO BE ELIGIBLE FOR THIS LOAN, YOU MUST:

  • Have a direct payment coming to us that is sufficient to repay the loans and grow some savings.
  • Be willing to set aside a minimum saving of £20 per month (£4 per week).
  • Understand that your savings are not accessible while the loan is outstanding.
  • Either have a Main High Street Bank account or a Wandsworth Plus Visa Debit Pre-paid card for disbursement of loan.
  • For a quick decision we require the latest two months bank statements and your last payslip or benefit letter if not working.

Instant Loan

Borrow from £50 to £2,000

TO BE ELIGIBLE FOR THIS LOAN, YOU MUST:

  • Have a direct payment coming to us.
  • Have in excess of £125pw income.
  • Either have a Main High Street Bank account or a Wandsworth Plus Visa Debit Pre-paid card for disbursement of loan.
  • For a quick decision we require the latest two months bank statements and your last payslip or benefit letter if not working.

Savers Loan

Borrow from £3,001 to £5,000

TO BE ELIGIBLE FOR THIS LOAN, YOU MUST:

  • Build up savings of at least one third of the monies you wish to borrow.
  • Understand that your savings are not accessible until loan is repaid.
  • Be in full-time employment with an annual income of minimum £15,000.
  • Be over 25 years old.
  • Have a good recent credit history.
  • Be willing to make repayments by standing order. For a quick decision we require the latest two months bank statements and your last payslip which can be emailed following submission of the online application.

Local Support Payment Loan

Borrow from £100 to £1,000

TO BE ELIGIBLE FOR THIS LOAN, YOU MUST:

  • Be a resident of Hammersmith & Fullham or Kensington & Chelsea boroughs.
  • Have a referral from the Local Support Payment Team.
  • Have a direct payment coming to us.
  • Have in excess of £125pw income.
  • Either have a Main High Street Bank account or a Wandsworth Plus Visa Debit Pre-paid card for disbursement of loan.
  • For a quick decision we require the latest two months bank statements and your last payslip or benefit letter if not working.

Security Loan

Borrow from £100 to £15,000 (4.9% APR)

TO BE ELIGIBLE FOR THIS LOAN, YOU MUST:

  • Already have the amount in savings.
  • Understand that your savings are not accessible until loan is repaid.
  • Have in excess of £125pw income.

Homeowner Loan

Borrow from £7,500 to £15,000 (7.9% APR)

TO BE ELIGIBLE FOR THIS LOAN, YOU MUST:

  • Prove your homeowner status.
  • Save £50pm into a collateral account on top of repayments.
  • Be in full-time employment with an annual income of minimum £25,000.
  • Be willing to make repayments by standing order. For a quick decision we require the latest two months bank statements and your last payslip which can be emailed following submission of the online application.

Representative Example

Typical example: Weekly repayment of £57.46 with APR of 19.9% based on a loan amount of £5,000 over a repayment period of 24 months, with the interest rate of 18.3%. Total amount repayable £5,975.85.

Contact Us
  • Wandsworth Plus Credit Union
  • Tel: 0207 471 2620
  • Email:
  • Web: www.wandsworthpluscu.co.uk
  • Address: 274 North End Road, Fulham, London, SW6 1NJ
Opening Hours:
  • mon
  • tue
  • wed
  • thu
  • fri
  • sat
  • 10:00am - 4:00pm
  • Phone & Email (9am - 5pm)
  • 10:00am - 4:00pm
  • Phone & Email (9am - 5pm)
  • 10:00am - 4:00pm
  • 9:30am - 12:30pm
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Wandsworth Plus Credit Union is authorised by the Prudential Regulation Authority & regulated by the Financial Conduct Authority & the Prudential Regulation Authority. FCA & PRA FRN: 473340