About Thamesbank loans

Thamesbank offer a range of loans depending on your needs. We’re sure you will find rates suitable for your individual circumstances.

As an overview, Thamesbank offer*:

  • Payroll deduction loans – up to £3,000
  • Key worker loans – up to £1,000
  • Child benefit loans – £500
  • Saving link to loan – up to £10,000
  • Equity loans – up to £10,000

*All loans are subject to terms and conditions and offered based on eligibility.

Terms & Conditions for Loans

  • For loans over £500 we may credit check, so we can be sure you can afford to repay.
  • We may require to see at least two months of recent bank statements.
  • We will expect to see at least three months of regular savings unless you are making payments through your payroll.
  • You are eligible for an immediate loan if you are paying through your payroll, or if it is a Child Benefit Loan.

Key Worker Loan

For Key Workers* helping the country during the Coronavirus outbreak. Borrow up to £1,000 at monthly repayment rate of 0.5% (6.3% APR) up to five years.

*(Key workers as identified by as UK Government.)

Child Benefit Loan

Make your child benefit payment stretch that bit further with an immediate loan of £500.

This will be charged at 42.6% APR repayable over 50 weeks.

If you have more than one child and have paid off at least two £500 loans and have a £100 in Child Benefit Savings you can apply for a loan of £1,000 at 26.8% APR.

Payroll Deduction Loans

New members paying into their credit union through a deduction from their payroll can apply for an immediate introductory loan. This can be up to £3,000 repayable over up to 60 months at rates ranging from 12.7% to 26.8% APR.

Equity Linked 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 £10,000 on top of your savings. The maximum savings you can have is £7,500. Rates are negotiable but start as low as 3.7% APR.

Savings Link to 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.