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08 Apr 2022

Our new website is Live!

We are delighted to announce the launch of our website. We hope you like the new look...

01 Mar 2022

We're Celebrating!

This year we're marking 25 years of serving our members. You can hear all about our...

22 Dec 2021

Wishing all our members a very Merry Christmas

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Payroll Partner Loan

Our Payroll Partner Loan offers discounted rates to members repaying via payroll.

We lend for all kinds of purposes - a holiday, a car, clearing credit card balances or home improvements, anything from a few hundred pounds to £10,000. Loans are handled in confidence - your employer only ever knows how much your total monthly payroll deduction is, not that you have a loan.

We arrange the terms of the loan to suit you, and there are no penalties for early repayment. Your loan is covered by our free life insurance, too. While you repay your loan we also ask you to save into an Attached Savings account, which are released when the loan is paid off.

If you need a small loan quickly, as a member you can apply for a Fast Track Payroll loan up to £500 by emailing us your most recent payslip and completing a simple form and agreement by email or in person. So long as your regular take home pay is over £800 (and you can confirm that payments are affordable) we can approve the loan quickly and put the money in your bank account on the same or next working day. Minimum monthly repayments of £65 /m and £5 into savings apply. Send an email to fastpayrollloans@gatewaycu.co.uk to apply.

 

Try out our quick and easy loan calculator below

Maximum Loan Amount :
Maximum Loan Term :

£

Term

Repayment Frequency
£
APR
42.6%
# Repayments
Total
£
APR
42.6%
# Repayments
Total
£
APR
42.6%
# Repayments
Total
£
APR
42.6%
# Repayments
Total

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.

Payroll Loans are currently available to people who work for:

  • Torfaen County Borough Council
  • Monmouthshire County Council
  • Melin Homes
  • Monmouthshire Housing Association
  • Bron Afon Community Housing
  • Aneurin Bevan Health Board
  • Pobl Group
  • H and H Engineering (Blaenavon)
  • United Response
  • Celtic Manor Resort
  • Robert Price Builders Merchants
  • We Fight Any Claim
  • Welsh Ambulance Service
  • Public Health Wales
  • PIA
  • Torfaen Citizens Advice

If you would like a discounted rate and your employer isn't yet on the list, please introduce us to your HR Manager.

As you would expect, all loans are subject to a careful assessment of your household finances and credit history.

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.