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Loans Loans

Loans

Whatever you’re looking for, a new car, a special holiday or a small loan to help with cashflow then Somerset Savings and Loans should be your first stop.

Borrowing from our credit union is different

  • We look at all applicants and their circumstances individually rather than through an automated computer programme
  • There are no set-up fees
  • We charge daily interest rather than front-load it and there are no early repayment charges
  • If you are an existing member of the credit union and have built up a savings pot we are also able to offer you discounted loan interest rates

There are three ways to apply. You will receive a decision within 48 hours or we’ll contact you to request more information or documentation if we need it

  • On-line here. This is the quickest and easiest way to apply and you are likely to get a quicker decision.
  • In person. Visit the Portishead or Information Station offices (see Opening Times) to complete an application form. Please bring acceptable ID, together with your last two wage slips (if you work) and your last month’s bank statement.
  • On paper. We can send you a form in the post or you can collect one form the Information Station office (see Opening Times).

See the loan options below

Call us:
  • Tel.
  • 01275 390650
Opening Hours
  • Mon - Fri
  • 9.30am - 4.30pm
Visit us:
  • Thu
  • 9.30am - 12.30pm / 1.30pm - 4.30pm
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Somerset Savings & Loans is authorised by the Prudential Regulation Authority & regulated by the Financial Conduct Authority & the Prudential
Regulation Authority. FCA & PRA FRN: 230768