Express Payroll Loans
Need a Financial Boost? Meet the Express Payroll Loan
Life moves fast, and sometimes your budget needs to keep up. Our Express Payroll Loan is designed specifically for our payroll members, offering a straightforward way to access funds when you need them most.
Quick & Accessible Funding
Whether it's an unexpected repair or a planned purchase, we offer flexible borrowing options:
- Borrow between £250 and £1,000.
- Top-up options available, provided your total loan balance stays under the £1,000 limit.
- Apply up to twice within any 12-month period.
- Fast processing within 48 working hours once we have all your information.
Are You Eligible?
To keep this service sustainable and responsible, the Express Payroll Loan is available to members who meet the following criteria:
Membership: You must be an existing Payroll member with at least £5 in Shares.
Employment: You must have successfully completed your probationary period. Please note that we cannot accept applications from those on zero-hour or temporary contracts.
Financial Standing: You must not have any other existing loans with us (except for an current Express Payroll Loan). Members in a DRO, IVA, or AOE arrangement are not eligible.
Documentation: Your member ID and proof documents must be fully up to date.
Note for Fixed-Term Contracts: If you are on a fixed-term contract, simply provide a copy of your contract so we can assess affordability through to your contract end date.
How to Apply
Ready to get started? Follow these simple steps to ensure a smooth application:
- Complete the Form: Fill out the Express Payroll Loan application in full to avoid any delays.
- Verify Affordability: Provide your recent bank statements at the time of application.
- Assessment: We’ll perform a credit check and affordability assessment to ensure the loan is right for you.
Send an email to info@gatewaycu.co.uk with the filled form or pop in one of our offices to apply.
Try out our quick and easy loan calculator below
Maximum Loan Term :
42.6%
42.6%
This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors. Please note that this calculator only provides an indicative quote and actual repayments may vary.
But you don't just take out a loan, you become a member of a growing financial co-operative, and have access to all our services. By choosing Gateway Credit Union you help us to grow and offer fair financial services to all in your local community.
