No matter what you need, we have a range of loans for both new and existing members.

we can lend up to £5,000 over 5 years depending upon your circumstances.

All loans are subject to approval by the Credit Committee.

Our leaflet ‘Getting the Right Loan from Gloucestershire Credit Union’ gives full details of the loans available and is available on the download section of the website.

How to Apply?

Loan applications must be made in writing – forms can be downloaded from the download section of this website, or collected from any of our collection points.

You will also need to complete an income and expenditure form to demonstrate that you can afford to repay your loan.

If I got a loan from GCU how much would I have to pay back at 26.8%APR?

Please use our loan calculator below to work out how much you would have to pay back at 26.8% APR.

Loan Calculator

The Loan Calculator is currently being updated to reflect the change in interest rate. The table below gives illustrative examples of loan repayments based on weekly repayments over a year.


Loan amount Interest Total due Weekly repayments
£100 £14.47 £114.47 £2.21
£300 £42.92 £342.92 £6.60
£500 £71.38 £571.38 £10.99


The APR is 26.8%.

Please note that the above figures are for guidance only and assume that the required number of payments will be made.

If you choose to pay off your loan earlier than planned you will not be penalised and you’ll also pay less interest.