Tenancy Saver Loan - part of our Coronavirus Response
Gateway Credit Union is working with other Welsh Credit Unions and the Welsh Government to help people who have got behind with their rent during the pandemic.
The Gateway Tenancy Saver Loan is an unsecured loan for tenants who:
Rent from a private landlord (not a housing association) in Torfaen or Monmouthshire
Were not in significant rent arrears and could afford their rent before March 2020.
Have built up rent arrears during 2020 as a result of the coronavirus pandemic
Are not eligible for rent support from Universal Credit or Local Housing Allowance
Will be able to sustain the tenancy in the future and can afford to pay their rent, their other financial commitments and the loan repayments.
If you qualify, we will verify the tenancy and make payment to your landlord once you have signed the loan agreement. You will become a Gateway Credit Union member and make regular loan repayments to Gateway Credit Union. You must also keep your savings account with Gateway open and are encouraged to save regularly. You will have all the benefits of credit union membership such as Christmas savings, life insurance on your loan and access to future credit.
To go to the Credit Unions of Wales eligibility checker click here