Loans FAQs

Here you can see a list of our most Frequently Asked Questions. If your question is not listed, please feel free to submit a question via our contact form or call us on: 01656 667089

If you are an existing member, you will need to submit one months bank statements.

If you are a new member, we will need proof of ID and proof of address also:

Photographic ID

  • Current signed passport – if the passport is not UK/Irish then we will also need to see their Right to work documentation.
  • EEA member state identity card (which can also be used as evidence of address if it carries this)
  • Current UK or EEA photocard driving licence (Full and Provisional) – the address on the Driving licence must be checked against the record in Progress, if this does not match the Driving licence is not valid.
  • Photographic registration cards for self-employed individuals in the construction industry -CIS4
  • Firearms or shotgun certificate
  • Residence permit issued by the Home Office to EEA nationals on sight of own country passport
  • UK Citizen Card
  • Armed forces identity card – unexpired

Non-Photographic ID

  • Full old-style driving licence – not provisional
  • Official letter from Benefits Agency/DWP/Local Authority confirming your right to UK benefits, local benefits, UK Pension - dated within the last 12 months.
  • UK Student loan/ grant paperwork – dated in last 12 months
  • HMRC coding/assessment/statement/tax credit letter (not P45/P60) (dated within the last 12 months)

We might perform a full credit reference agency search in order to check your ability to repay a loan and also to clarify that the information given on the loan application is accurate.

Bridgend LifeSavers Credit Union is a responsible lender and sometimes we need to make sure that you can comfortably afford the repayments before we approve a loan.

You can use our loan calculator! This will give you a very good idea of what your desired loan may cost per month, and what the monthly repayments will look like. You can also give us a call to discuss as well.

We would ask you to give us a call as soon as possible so we can discuss your personal situation and look at ways we can help.