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Loans Universal Credit Loan

Universal Credit loan

We are working with Alliance Homes and Homes in Sedgemoor to help tenants who are moving onto Universal Credit. There can be a period of up to six weeks before receiving Universal Credit and we can offer loans of up to £400 to help you budget. You may also apply for this type of loan if you are moving into an Alliance Homes property and have to raise 2 weeks rent in advance.

  • Interest rate 24%APR

  • Loan terms up to 18 months

  • Repay monthly

  • Subject to affordability check and credit referencing check

  • All borrowers are encouraged to save whilst repaying the loan

  • Call us on 01275 390650 to discuss your options

How to apply for a loan

  • On-line here.
  • 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 from the Information Station office (see Opening Times).

We can’t guarantee loans and all applications are subject to a credit assessment and affordability check

Apply Now
Loan Calculator

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