Payroll Loans

Payroll loans

Get competitive loan deals and repay direct from your wages on payday.

If you’re an employee of one of our Salford Payroll Partners ‘Supporting Employers’, you can save aswell as repay your loan direct from your wages with Payroll membership

  • Borrow up to £7500 and make the loan repayment direct from your wages on payday.
  • Repayment periods range from 6 to 60 months

Payroll Loan Interest Rates as of June 2017:

  • £100- £5000: 16.1% APR
  • £5,001-£7000: 12.68% APR
  • £7001-£7500: 7.5% APR

If you work for one of our Payroll PartnerSupporting Employersyou can join the Credit Union and start saving and borrowing from your next payday.

Apply for your Payroll loan now…Loan application

Give us a call on 0161 686 5880 to speak to one of our friendly advisers or email if you want more information.

Look at our Budget Planner to help you review your income and outgoings and check what loan repayments you can afford…SCU Budget planner

Keeping up repayments

IT IS VITAL TO REPAY LOANS IN LINE WITH YOUR AGREEMENT- if you don’t it is other credit union members who suffer, not faceless shareholders. You should contact us as soon as you think there may be problems so we can see if we can help- don’t put it off!

Current Supporting Payroll employers

Employees of the following organisations who live or work in Salford, North Manchester and Prestwich (see map) may pay into the credit union by payroll deduction

  • Salford City Council
  • Salford Community Leisure
  • Salix Homes
  • City West Housing
  • Pennine Acute Hospital
  • Manchester Mental Health & Social Care Trust
  • North Manchester General Hospital
  • Salford Royal NHS Foundation Trust
  • Aspire Intelligent Care & Support


How we use credit referencing information

Credit Reference and Fraud Prevention Agencies

We may make searches about you at credit reference agencies who will supply us with credit information as well as information from the Electoral Register.  The agencies will record details of any search whether or not this application proceeds.  We may use credit scoring methods to assist the application and to verify your identity.  Credit searches and other information which is provided to us and/or the credit reference agencies about you and anyone with whom you are linked financially or other members of your household.

This information may also be used for debt tracing and the prevention of money laundering as well as the management of your account.  In addition, we may ask you to provide physical forms of identification and/or we may telephone you to confirm you identity.

To prevent or detect fraud or to assist in verifying your identify we may make searches of group records and at fraud prevention agencies who will supply us with information.  We may also pass information to financial and other organisation involved in fraud prevention to protect ourselves and our customers from theft and fraud.  If you give us false or inaccurate information, details will be passed to fraud protection agencies.

This information may also be used for tracing and claims assessments and verifying identify.  Information held about you by the credit reference agencies may already be linked to records relating to anyone with whom you have a financial relationship such as a joint account.


Terms of Lending

All approved loans are subject to Terms and Conditions. Current terms can be found here

Our loans

Related pages

Check with us what protection the Financial Services Compensation Scheme offers you.