Halton Housing Salary Saver Loan

This loan product is for employees of Halton Housing Only. To see our other payroll partners, click here.

Check your eligibility

Are you eligible to apply?

For loans up to £15,000, you can apply to have your loan repaid from your Halton Housing salary. Employees of Halton Housing will be able to take advantage of this pilot loan scheme. Loans up to £15,000 with rates from 9.6%APR to 21.5%APR

With this being a pilot, the loan calculator does not show all rates available. A full explanation is given in the terms and conditions. We show you the highest rate so you know what it will cost, at the most expensive.

Halton Housing employees must also agree to save £2.50 per week (£10 per month) whilst repaying their loan.

You are likely to be accepted for a Halton Housing Salary Saver Loan, if you….

  • are over 18 years old.
  • have enough income to cover your loan and minimum £10 per month saving and not have your salary reduce to below the minimum wage.
  • are not currently in an IVA.
  • are not currently bankrupt or in a Debt Relief Order.

Key Features.

  • You can apply straight away, there is no need to save first.
  • Affordable payments over a term of up to 5 years (60 months).
  • Simple repayments, deducted straight from your salary.
  • Save as you repay your loan* – you’ll be amazed how quickly your savings can grow!!
  • No hidden charges, set up fees or penalty fees for repaying your loan early.

*Your minimum savings must remain in your credit union account, with Beacon Savings & Loans. Any saving value over this amount may be withdrawn.

Of course, the more you save, the better it is for you! Plus in the unfortunate event of your death, the amount in your savings could be doubled and passed on to your nominated beneficiary. (terms and conditions apply).

If you’re looking to only save, please check out the Halton Housing Salary Saver Scheme page.

Before you apply

We will need to perform some checks before we can allocate your loan.

As an ethical lender, we take responsibility for ensuring that you can afford the repayments, including the minimum savings amount of £10 per month. It is equally important that by providing your credit union Salary Saver Loan, we do not contribute to over-indebtedness or we are not helping to fund harmful gambling.

To achieve this, we’ll review your credit file and use open banking (you will need to grant us access as a part of the application process). We’re not necessarily looking for perfect credit files, we understand life happens, which is why we are running this pilot, because we know that life happens. If you have any concerns, please get in touch.

Ready to start? Click the ‘Check my Eligibility’ button on the calculator below to begin. 


Halton Housing Salary Loan Terms and Conditions

Members are required to make regular payments to their credit union savings account. When a member has a loan outstanding they are expected to save at least £2.50 per week or £10 per month.

Payroll Deductions

By law, your employer is unable to make deductions if it causes your salary to fall below the minimum wage

Loan Value

Halton Housing Employees may apply for up to £15,000.

Interest Rate

Interest is calculated based upon a credit worthiness review. Rates range from 9.6%APR to 19.6%APR

Loan Term

The maximum loan term is five years. You can pay off your loan early to reduce the total interest, and there are no penalty fees for early repayment.

Method of Repayment

This loan must be repaid via deductions from your Halton Housing Payroll.

Repayment Frequencies

This loan will be paid in line with your payroll schedule.

Savings Requirements

You must save a minimum of £10 per month with your repayments, which must be retained in your share (saving) account for the duration of the outstanding loan.

IMPORTANT NOTICE: If you leave your employer, please contact Beacon Savings & Loans. We will help you make alternative arrangements to manage your savings or loans directly with the credit union.

Can I apply for a top-up?

Yes, members can top up their Salary Saver Loans. When you apply for a top-up, your existing loan is fully repaid, and a new loan is created. The amount you receive will be less than the total loan amount because part of it is used to settle your current loan.

Eligibility for a top-up:

  •  You must have made at least 3 monthly payments.
  • At least 13 weeks must have passed since your last loan was allocated, 26 weeks if you borrow more than £2,500