Payroll Savers Loans

This loan is for you if:

 

  • you are looking for an affordable personal loan between £250 and £15,000 for a specific item or event, or
  • you are purchasing a vehicle for under £5000, and
  • you work for an employer (see the list below) who will send us the loan repayment direct from your salary or stipend, or
  • you receive a pension from a previous employer who will send us the repayment direct from your pension
  • you are able to save a small amount (say between £5 and £10) with every repayment
 
 
use the sliders below to select the amount and term and calculate the repayments on a Payroll Savers Loan.

Select how much you wish to borrow

£

Select how long you wish to borrow the money for


Months
Once you have selected the amount you would like to borrow, the results will appear below.

Your Loan Details

monthly payments of: £

Total repayment: £

Total interest: £ (APR: %)

HAVE YOUR BANK STATEMENTS READY

We will also need you to send in your most recent bank statement showing around 6-8 weeks’ transactions and proof of your income. If you regularly use more than one bank account please provide statements for those accounts, too. If you are able to save your bank statements as a pdf or in one of the following formats .jpg, .jpeg, or .png, there is the facility within the application form to upload up to 64MB of files.

Click for Loan Application Form

Most online banking provides the facility to download bank statements and save them as a PDF or .jpg, .jpeg or .png files. Likewise if you usually receive paper statements these can be scanned or if you use a smart phone photographed and saved as a file type that can be uploaded to the loan application form.  Excel or CSV files should be sent as an email attachment to Loans@cmcu.org.uk. 

If you would prefer not to email bank statements, you may submit them by post to CMCU, 3 Beaufort Buildings, Spa Road, Gloucester, GL1 1XB but this may cause a slight delay to your application.

 

The following employers are currently part of the payroll deduction scheme:

  • Methodist Connexion
  • Methodist Ministers
  • Church of England Church Commissioners
  • Church of England NCIs
  • Church of England Pensions Board
  • Church of Scotland
  • Crossreach
  • Church in Wales
  • United Reformed Church
  • RC Diocese of Westminster

We are always looking to extend the number of eligible employers (churches and charities) from the denominations in our common bond we work with. If you think your employer should offer payroll savings through CMCU please ask your HR department to contact us.

Registered Address

3 Beaufort Buildings, Gloucester, GL1 1XB

Call Us

01452 500 463 (9.30am -1.30pm)

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