To apply for a loan from Stroud Valleys Credit Union you need to complete our loan application form which you can obtain by:

  1. Visiting one of our customer service points – their locations and times of opening are on the Contact page
  2. Downloading  the Loan application form
  3. Asking our office to send one in the post (tel: 01453 298785 or email

If you are already a member of SVCU you can apply for a loan using our online application form.

If you are not a member you need to join before you can apply for a loan. You can now join and apply for a loan online here

If you apply using our paper form you can return this

You will also need to provide documents to support your application. These are

  • Current account or post office account statements covering the last 2 months.
  • Evidence of any income or expenditure not shown on the bank statements e.g loan repayments, pay slips
  • Any paperwork regarding bankruptcy, County Court Judgement etc. (relevant letters, certificates of satisfaction)
  • Evidence of any other debts or bills (if your loan is to repay these)
  • If the loan is for a rent deposit, details of where you are moving to, and the landlord/agency details

If you apply online you can upload your bank statements, any further documentation can be emailed to us at

Please bring any other relevant paperwork about your income and your outgoings. The more evidence we have of your circumstances, the quicker we will be able to make a decision about your loan application. If you are applying to join Stroud Valleys Credit Union at the same time as applying for a loan, an additional application form is required, with documents of identification, e.g. passport

Lack of any of these documents will slow up the decision-making process so please check you supply everything that’s required.

All applicants are credit checked, but if you’ve been in difficulties in the past, it won’t necessarily stop you having a loan – just give us full details on the application form.

Once a loan is granted, you’ll be required to sign a loan agreement form in person at one of our customer service points. This is a legally binding document in which you promise to repay the loan in full and on time.


Loans can be repaid over a period of up to 5 years except for Christmas and holiday loans which need to be repaid within 12 months. The loan repayment period will be decided when your loan application is decided. There is no penalty for repaying the loan early which means you’ll repay less money.

The usual method of repayment is by standing order. In some cases we will allow cash payments at our customer service points.

We recommend that as well as the loan repayment, you also put a small amount of money into savings each week or month which’ll give you a nest egg once the loan is repaid. This isn’t compulsory but will help to build up your financial security.

low cost laons in Stroud Valley