Loans
About Thamesbank loans
We offer a range of loans depending on your needs with interest rates to suit your personal circumstances. These are some of the reasons that people borrow from us.
Child Benefit Loan
Borrow up to £750 (or up to £1,000 on future loans) when your child benefit is paid into your credit union account.
Salary Savings Scheme
New members paying into their credit union through a deduction from their payroll can apply for an immediate introductory loan. This can be from £3,000 to £5,000 repayable over up to 60 months at rates ranging from 12.7% to 26.8% APR.
Homeowner Loans
If you are a regular saver with equity in your property we can give loans up to the maximum allowable by our Regulator. This is £7,500 on top of your savings. The maximum savings you can have is £10,000. Rates are negotiable but start as low as 5.25% APR.
Transport Loans
With the transport loan, you can borrow a loan of up to £5,000 that is repayable over up to five years (60 months), where the interest rates will be commensurate with the size of the loan.
New Starter Loan
New members are now eligible to apply for a loan of up to £750, with no prior savings requirement. Loans are repayable over a period of 12 months.
Savers Loans
Regular savers can apply for a loan that is roughly three times the value of their savings. Our standard rates vary depending on individual circumstances. Example, 5.1% APR for a £10,000 loan based on excellent credit history. Alternatively, up to 42.6% APR for a small loan without a strong credit history.
Christmas Loans
Spread the cost of Christmas with a Christmas Loan. You can borrow three times your savings if you are already a member of Thamesbank.