Key Worker Loan

For Key Workers* helping the country during the Coronavirus outbreak. Borrow up to £1,000 at monthly repayment rate of 0.5% (6.3% APR) up to five years. Learn more.

*(Key workers as identified by UK Government).

Just Borrow

Members and non-members alike can apply for a loan of up to £750 repayable over 9 months using our new fast application process. Learn more.

Child Benefit Loans

Make your child benefit payment stretch that bit further with an immediate loan of £500.

This will be charged at 42.6% APR repayable over 50 weeks.

If you have more than one child and have paid off at least two £500 loans and have a £100 in Child Benefit Savings you can apply for a loan of £1,000 at 26.8% APR.

Payroll Loans

New members paying into their credit union through a deduction from their payroll can apply for an immediate introductory loan. This can be up to £3,000 repayable over up to 60 months at rates ranging from 12.7% to 26.8% APR.

Savings Link to Loans

Regular savers can apply for a loan that is roughly three times the value of their savings. Our standard rates vary from around 5.1% APR for a £10000 loan to someone with an excellent record. Up to 42.6% APR might be charged for a small loan to someone without a strong credit record.

Equity Linked Loans

If you are a regular saver with equity in your property we can give loans up to the maximum allowable by our Regulator. This is £10,000 on top of your savings. The maximum savings you can have is £7,500. Rates are negotiable but start as low as 3.7% APR

About Thamesbank loans

By avoiding paying high salaries to directors or having expensive branches we keep our costs really low and provide the best possible value loans to you – our members – the people who own Thamesbank.

The key things to remember about Thamesbank’s loans are:

  • We do not charge any arrangement fees, unlike many lenders.
  • We only charge interest on the outstanding balance of your loan rather than the original amount.
  • Thamesbank do not charge for early repayment of your loan, making life easier for our borrowers.
  • We will match or beat any written offer you show us from a bank or other financial institution, so you should always check us out!

Terms & Conditions for Loans

  • For loans over £500 we may credit check, so we can be sure you can afford to repay.
  • We may require to see at least two months of recent bank statements.
  • We will expect to see at least 3 months of regular savings unless you are making payments through your payroll.
  • You are eligible for an immediate loan if you are paying through your payroll, or if it is a Child Benefit Loan.

Download a Thamesbank loan application form.