Introducing the Express Payroll Loan

Life is full of surprises, and sometimes those surprises come with a price tag. Whether you are facing an unexpected car repair or planning a special purchase, we are here to provide a financial safety net. Our Express Payroll Loan is designed specifically to give our payroll members flexible borrowing options when they need them most.

Flexible Borrowing Limits

We understand that every financial situation is unique. That is why we offer:

• Loan Amounts: Borrow anywhere between £250 and £1,000.
• Top-Up Options: If you already have an Express Payroll Loan, you may apply for a top-up, provided your total balance does not exceed the £1,000 limit.
• Frequency: Members can apply for this loan up to twice within any 12-month period.
• Fast Turnaround: We know speed is important. Once we have all your information, your application will be processed within 48 hours.

Am I Eligible?

To ensure we are lending responsibly and sustainably, the Express Payroll Loan is available to members who meet these criteria:

• Existing Membership: You must be an existing Payroll member with a minimum balance of £5 in your Shares account.
• Employment Status: You must have successfully completed your probationary period. Please note that members on zero-hour or temporary contracts are not eligible.
• Existing Loans: To qualify, you must not have any other loans with us, other than an existing Express Payroll Loan.
• Financial Standing: This loan is not available to members currently in a DRO, IVA, or AOE arrangement.
• Up-to-Date Records: All member identification and proof documents must be current before we can accept your application.
• Note for Fixed-Term Contracts: If you are on a fixed-term contract, you are welcome to apply. Please provide a copy of your contract so we can assess affordability between the end of your probation and your contract’s end date.

How to Apply

Ready to get started? We have made the application process as straightforward as possible:

1. Complete the Form: Fill out the Express Payroll Loan application in full. Please ensure all information is included to avoid any processing delays.
2. Verify Affordability: At the time of application, you must provide your recent bank statements (or complete a NestEgg assessment) so we can review your financial health.
3. Assessment: Like all our loan products, we will perform mandatory credit and affordability checks to ensure the loan is a right and manageable fit for you.

• Start your application today at https://tinyurl.com/GCUExpressPayroll.