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Partner offer

A holiday loan at a preferential rate

A reduced-rate loan exclusively for employees of our payroll partners. Borrow between £2,500 and £5,000, repaid easily over 3 to 36 months straight from your salary.

Subject to status and affordability. Membership eligibility criteria apply.

See what it costs
Payroll Partner Holiday Loan Repaid straight from your salary
Exclusive
Partner rate 13.5% APR (representative)
Standard rate 17.9% £2,500 to £5,000, 3 to 36 months

Representative example: borrow £4,000 over 12 months, you would make 12 monthly repayments of £358.21. Total amount repayable would be £4,298.50. 13.5% APR (fixed).

Why this offer

Made for partner employees

We've priced this loan to recognise the relationship between your employer and us. Lower rate, fewer surprises, and repayments handled in the simplest way possible.

A preferential rate

13.5% APR (fixed) on £2,500 to £5,000, a reduced rate offered through the relationship between Capital Credit Union and your payroll partner employer.

Repaid straight from payroll

Your agreed repayment comes from your salary each month, before it reaches your account. Nothing to set up, no date to remember, no balance to watch. If you'd prefer to pay by direct debit, we can arrange that instead, your rate stays the same either way.

Flexible if things change

Overpay or settle the loan early at any time without an early settlement charge, you'll only pay interest for the time you borrowed. If you change employer mid-loan, we'll move your repayments to your new payroll partner or switch you to direct debit.

How it works

Four steps from apply to funded

If you're already a member, sign in and apply. If you're not, you can join and apply together. Either way, the process is the same.

1

Apply online

Tell us how much you want, over what term, and confirm your payroll partner employer. Takes a few minutes from your phone.

2

We check eligibility

We confirm your employer, your credit standing, and that the loan is affordable for you. A real person reviews your application.

3

You get a clear decision

We come back to you promptly with a yes, a no, or any questions we still need to settle. A yes means we approve in principle and send your agreement to sign. No vague "in review" silence.

4

Funds in your account

Once you sign and return the agreement, we run a few final checks. When those are passed, we transfer the money. Repayments start from your next payslip.

Repayment calculator

See what your holiday loan would cost

Adjust the sliders or tap any value to type an exact amount. All figures use the 13.5% partner rate.

Borrowing amount
£ 4,000
£2,500£5,000
Repayment term
12 months
3 mo36 mo
Estimated monthly repayment
£ 358
Representative 13.5% APR (fixed)
Borrowing£4,000
Term12 months
Interest (estimated)£299
Total repayable £4,299

Illustrative estimates only and do not constitute an offer of credit. Figures are rounded to the nearest pound, so totals may not exactly equal monthly repayment × term. At least 51% of approved customers receive the representative APR or lower. Your actual rate may vary. Loans subject to status, affordability and eligibility. Missing payments could increase the total amount payable and may affect your credit file. Capital Credit Union reserves the right to amend or withdraw this offer at any time. Membership eligibility criteria apply.

Common questions

Worth knowing before you apply

These answer the questions we hear most about the Payroll Partner Holiday Loan. For anything specific to your situation, please get in touch.

View all loan FAQs →
You need to be in full-time employment with one of our payroll partner employers, aged 18 or over, and a UK resident. We also require a good or excellent credit standing, no recent CCJs, credit defaults or bankruptcies, and that any existing borrowing with Capital Credit Union is up to date. Subject to status and affordability. Membership eligibility criteria apply.
Your employer takes the agreed repayment from your salary before it's paid into your account, then sends it on to us. You don't need to watch a balance or remember a date. It's the simplest way to repay a loan and one of the reasons we can offer this rate. If you'd rather pay by direct debit, just let us know when you apply, we'll set that up instead.
The loan agreement stays in place. If your new employer is also a payroll partner, we move your repayments over. If not, we set you up to repay by direct debit instead. The rate you started on doesn't change, and there's no penalty for the move. Please get in touch as soon as you know your leaving date so we can plan the switch with you.
Yes. You can overpay or settle the loan in full at any point without an early settlement charge, and you'll only pay interest for the time you actually borrowed. Sign in to your account or call us to arrange it.
No. Your employer only knows the amount to deduct from your salary each month. They don't see how much you borrowed, your credit information, what you borrowed it for, or anything else about your application. That stays between you and us.
You can check the full list of our payroll partner employers on our website. This offer is also shared directly through partners, so you may hear about it via your HR team, an internal newsletter, or a manager. If your employer isn't on the list, we still have other loan options that may suit, listed on our main loans page.
There's no fixed end date today, but Capital Credit Union reserves the right to amend or withdraw this offer at any time. Any loan already agreed runs to the end of its term on the rate it was issued at, regardless.
Ready when you are

Your holiday, on better terms

A few minutes to apply, a clear decision, and repayments looked after by your payroll. That's the offer.

See what it costs

Subject to status and affordability. Membership eligibility criteria apply. Capital Credit Union reserves the right to amend or withdraw this offer at any time.