Personal Loan

No savings, no problem!
Save as you borrow

For all members

Borrow up to £10,000
(no savings required)

Maximum loan term – 5 years

Interest rates
Loans <£1,999 – (26.9% to 32.9% APR)
Loans £2,000 – £4,999 – (22.9% APR)
Loans £5,000 – £10,000 – (20.9% APR)

No savings with Voyager Alliance? No problem! Borrow up to £10,000 with our flexible Personal loan at competitive interest rates, and save as you borrow, you’ll have a lump sum when you’ve repaid your loan.

Our credit union Personal Loan is available to all members with a Membership Account. New members must have made at least 1 regular payment through payroll deduction, or 1 months direct debit payments, before any loan can be considered.

Members can apply for a Personal Loan for almost any purpose. So, if you’re planning home improvements, upgrading the car or have a special occasion to celebrate, talk to us, and we may be able to help!

Personal Loan at a glance

Borrow up to £10,000, subject to affordability
Competitive interest rates, that reduce for larger loans, and are cheaper than most credit cards
Save as you borrow, so you’ll have a lump sum when you’ve repaid your loan
Easy to apply, with options for everyone
Apply for a top-up when you have repaid 20% of your Personal loan.
If a previous application has been reduced/declined then you must wait 6 months before you can re-apply for further borrowing.

Please Note: If applying to Top Up, please apply for the amount you are topping up by, when completing the application. If approved, this amount will be the extra amount you receive.

Benefits of a Personal Loan

No application fees or hidden charges
No penalties for early repayments, so repay early & you’ll save interest
Affordable loan repayments through payroll deduction, or alternatively by direct debit
Apply to Top Up when repaid 20% of your Personal loan.
Convenient weekly, 2-weekly, 4-weekly or monthly repayment, tailored to suit your budget
Save as you borrow, so you’ll have a lump sum when you’ve repaid your loan
Savings continue to attract dividend payments* whilst repaying your loan

*Dividends are not guaranteed. The rate payable is dependent on financial performance and voted on by members at the Annual General Meeting.

Check If You’re Eligible

Voyager Alliance is the easy way to save, and borrow when you need to, straight from your pay. Voyager Alliance Credit Union is a financial co-operative which provides savings, loans and a range of financial services to its members. Our members are our customers and shareholders and are at the heart of everything we do. Members have something in common with one another. This is known as the credit union’s ‘common bond’ and determines who can join a credit union.

Check if you’re eligible.

Things you should know

You must save a minimum of £2/week or £10/month as you borrow, so you’ll have a lump sum saved when you’ve repaid your loan. This minimum saving amount will be held in your ‘Membership Account’ and cannot be withdrawn until your loan is cleared.
Apply to Top Up when repaid 20% of your Personal loan.
Members may only hold 1 Voyager Alliance loan at any time
The Personal loan is not available to members who are bankrupt or have an Individual Voluntary Arrangement (IVA) that shows on their credit report.
Other terms and conditions may apply.

Loan Calculator

Use our loan calculator to see how much you could borrow and how much you would pay back.

Loan Calculator

Loan FAQs

For help and guidance on applying for a Voyager Alliance loan and everything you need to know to guide you through the application process.

Voyager Alliance Loan FAQs

Representative Examples

Weekly repayments

Borrowing £2,000 over 52 weeks will cost £42.68 a week. The total amount repayable is £2,219.41 which includes interest at 22.9% APR.

Borrowing £1,500 over 52 weeks will cost £32.53 a week. The total amount repayable is £1,691.38 which includes interest at 26.9% APR.

Monthly repayments

Borrowing £5,500 over 48 months will cost £164.89 a month. The total amount repayable is £7,914.54 which includes interest at 20.9% APR.

Borrowing £1,000 over 12 months will cost £97.35 a month. The total amount repayable is £1,168.20 which includes interest at 32.9% APR.

Apply for a Loan Now