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Similarly to the Low Income Loan, the Payroll Loan was intended for new or existing members who do not qualify for a share based loan.

To qualify for a Payroll Loan, you must work for one of our payroll partners (North Ayrshire Council, Hansel village, Ayrshire Housing and SeaScape). Members can attract an initial loan of £500 with interest set at 2% a month on the unpaid balance, monthly repayments of £50 (plus savings) are then taken straight from your wages.

  • I am 18 or over
  • I work for one of 1st Alliance (Ayshire) Credit Unions payroll partners North Ayrshire Council, Hansel village, Ayrshire Housing and SeaScape
  • I can afford the Loan repayments and Share deposits
  • I do not have an undischarged Bankruptcy or Trust Deed

 

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