Members loan application
To apply online you need to be:
- aged 18 or over
- a member of SVCU
In order to complete your application you will need:
- Membership number
- National Insurance number
- Bank account details and last 2 months bank statements
- Employment details
- Details of your income and expenditure
- Details of any savings and loans you currently have
- Previous credit history
- 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
You can upload your bank statements, any further documentation can be emailed to us at firstname.lastname@example.org
If you have any questions, please do call us on: 01453 298785 between 11am – 1pm Monday to Saturday or send us an email to email@example.com
Please make sure you have all the information you need before you start to fill in the loan application form. Once you have started to fill this in it is not possible to leave it and come back to it. If you submit an incomplete form we may need to come back to you for the missing information which will delay the processing of your application.
It may take up to 15 minutes to complete the form. We ask for more information than other lenders do as we don’t just rely on credit rating when assessing your application. All our loan applications are assessed individually so may take up to a week to process. Our Credit Committee meet on a Monday and will contact you by phone as soon as possible to let you know the outcome of your application. If your loan is approved you will need to sign the loan agreement form in person at one of our customer service points before the money can be released into your bank account. This is a legally binding document in which you promise to repay the loan in full and on time.
Ready to apply? If so, click here to open our secure loan application form.
You can apply for a loan from Stroud Valleys Credit Union using our loan application form which you can obtain by:
Visiting one of our customer service points
Downloading the Loan application form
Asking our office to send one in the post (tel: 01453 298785 or email firstname.lastname@example.org)
If you are not a member you need to join before you can apply for a loan.
If you apply using our paper form you can return this
In person to one of our customer service points
By post to our main office in Stroud
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
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.