Loans

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Savings. Nest Eggs. Safety Nets. Call them what you like, they’re lovely to have but can be hard to grow. We have lots of ways to make saving easier.

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No credit checks and no lengthy applications. The Engage digital account is available exclusively to all Credit Union and Community Bank members.

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Online Loan Application Form

You are applying for a Christmas Loan at the interest rate of 42.48 APR, repayable over 12 months.

The indicative rate is subject to change and will be confirmed in our loan offer.

Return to the loan calculator

By proceeding, you acknowledge and consent to the processing of your information for the purpose of assessing your loan eligibility and managing your account with us, should you choose to take a product. To prevent and detect crime and money laundering, we will conduct identity verification checks. Additionally, we will conduct credit checks through credit reference agencies, which will leave a visible trace on your credit search history. Periodic searches may also be performed for fraud prevention purposes. For a comprehensive understanding of how your data will be used, please visit https://boomcb.org.uk/privacy-notice

Agree and proceed.

To apply for a loan with Boom, you need to reside or work within our common bond, or be a current member. Please choose an option from list that best describes your situation. If none of the options apply to you, it means you're not eligible to become a member with us, however, there may be other credit unions available near you. Find them by visiting www.findyourcreditunion.co.uk *

Please provide your membership number, if you know it.

How did you hear about us? *

Personal Details

Title *

First name *

Last name *

Date of birth *

National Insurance Number *

Citizenship *

I am a citizen of the United Kingdom I am not a citizen of the United Kingdom

Do you have indefinite leave to remain? *

Yes No

Please provide your residents permit expiry date *

Ethnicity *

Contact Information

Email address *

Mobile phone *

Alternative phone

What is the best time for us to contact you?

08:00-10:00 10:00-12:00 12:00-14:00 14:00-16:00 16:00-18:00 18:00-20:00

Living Arrangements

Current home address

Address Line 1 (House number and street) *

Address Line 2 (Street)

Address Line 3 (Town) *

Address Line 4 (County) *

Postcode (include a space, e.g. BN11 1RY) *

Time at current address

Years *

Months *

Residential status *

Please provide the name of the Housing Association *

Are you a joint or sole owner-occupier? *

Joint Sole

What is the date of your next mortgage renewal. *

Please briefly describe your current residential status *

Living arrangements *

Please briefly decribe your current living arrangements *

How many dependents live with you?

Do you have any caring responsibilities? *

Yes No

Employment and Income

Employment status *

Employer's details

Employer's name *

Building Number/Name *

Street Line 1 *

Street Line 2

Town/City *

County *

Country *

Postcode *

Employer's Telephone Number *

How long have you been with this employer?

Years *

Months *

Monthly income

Salary (after tax) *

Child Benefit *

How frequently do you receive your Child Benefit payments? *

Child Maintenance *

Universal Credit *

Job Seekers Allowance (JSA) *

Housing Benefit *

Other benefits or tax credits *

Other household income *

Partner's income *

Total monthly income: *

Household Expenditure

Please enter your average monthly spend.

Rent (paid from personal income) *

RENT (PAID VIA UNIVERSAL CREDIT OR HOUSING BENEFIT) *

Mortgage: *

Council Tax *

UTILITIES (ELECTRICITY, GAS, WATER) *

CAR AND VEHICLE COSTS (INSURANCE, TAX, MOT, BREAKDOWN COVER) *

TRANSPORT AND FUEL *

Child maintenance (out) *

Childcare *

TV LICENCE AND SUBSCRIPTIONS (NETFLIX, SKY, AMAZON) *

Internet and phone *

Gym and leisure *

INSURANCE(S) AND PROFESSIONAL FEES (HOME & CONTENTS, UNION SUBS) *

FOOD AND HOUSEKEEPING *

PERSONAL COSTS (CLOTHING, HAIDRESSING, TOILETRIES) *

OTHER COSTS *

Total monthly expenditure *

Current Borrowings

How much do you pay each month on current borrowings?

Overdraft fees *

Buy now pay later *

Credit cards and store cards *

Hire purchase agreements *

Loans *

Mail order *

Other lines of credit *

Total monthly repayment *

Current Credit Balances

Please enter the current balance of your current borrowings.

Bank overdraft *

Buy Now, Pay Later Accounts (E.g. Klarna, Paypal, or other) *

Loans *

Credit cards and/or store cards *

Payday and/or short-term loans *

Please enter the total value of payday or short-term loans you have taken in the last six months.

Current Arrears Balances

Arrears are balances owed that were due to be paid earlier. If your payments are up to date, please enter ‘0’.

Please enter the balance of arrears on the following debts, if any exist.

Council Tax arrears *

Rent or mortgage arrears *

Utility arrears *

Benefit overpayments *

New Loan Sought

How much do you want to borrow? (minimum £300, maximum £500): *

Main purpose of the loan *

What is the main puropose of this loan?*

Debt consolidation

Please list the debts you want to consolidate and their respective annual interest rates.

What debts will remain after consolidating?*

Enter the combined total monthly repayment required by your current lenders for the debts want to consolidate*

Enter the combined monthly repayments you are currently making to your current lenders for the debts want to consolidate*

By what frequency would you prefer to repay a loan? *

Based on your selected payment frequency and your current financial circumstances, what is an affordable repayment amount? *

Please select your preferred repayment method *

Please state their ages:

Open Banking with consents.online

To complete a full assessment of your application we need to verify some of the information you have provided to us. The fastest way for us to do this is to review your bank statements.

The quickest and easiest way to submit your bank statements to us is via our trusted partner consents.online.

With this information, we will:

Verify your income
Carry out an affordability credit assessment
Be able to make a responsible lending decision

Open Banking is secure and does not give Boom access to your account. We will never ask you for your personal online banking details.

Consents.online is registered with, and regulated by, the FCA in order to act as an Account Information Service Provider. Their FCA registration number is 792642.

The quickest and easiest way to submit your bank statements is through open banking via our trusted partner, Consents.online. We may not be able process your application without your agreement to Open Banking.
You may provide consent later. Proceed without >

Applicant’s Declarations

I confirm the information I have provided is true, accurate and not misleading.

I confirm I do not owe money to another Credit Union, Bank or other agency other than as set out in this application.

I have let you know about any physical or mental condition that may affect my ability to make an informed decision about taking this loan and making the required repayments.

I can repay the loan and do not know of anything that may affect my ability to make my repayments.

I understand that to recover my loan, as well as other measures, you may bring Court action.

I understand if I attempt to enter into a Debt Relief Order or Bankruptcy Order, you can apply to the Official Receiver and that I will still need to repay the loan in full if I have provided false or inaccurate information in this application.

Please let us know if you change your contact details or if your circumstances change, especially if it may affect your ability to make payments. The earlier we are notified of any changes, the more we will be able to help you.

Signature: *

Date: *

A condensed guide to the use of your personal information by ourselves and at Credit Reference and Fraud Prevention Agencies

When you apply to us to open an account, this organisation will check the following records about you and others (see 2 below)
1. Our own;
2. those at credit reference agencies (CRAs). When CRAs receive a search from us they will place a search footprint on your credit file that may be seen by other lenders. They supply to us both public (including the electoral register) and shared credit and fraud prevention information.
3. those at fraud prevention agencies (FPAs).
We will make checks such as; assessing this application for credit and verifying identities to prevent and detect crime and money laundering. We may also make periodic searches at CRAs and FPAs to manage your account with us.
If you are making a joint application or tell us that you have a spouse or financial associate, we will link your records together so you must be sure that you have their agreement to disclose information about them. CRAs also link your records together and these links will remain on your and their files until such time as you or your partner successfully files for a disassociation with the CRAs to break that link.
Information on applications will be sent to CRAs and will be recorded by them. Where you borrow from us, we will give details of your accounts and how you manage it/them to CRAs. If you borrow and do not repay in full and on time, CRAs will record the outstanding debt. This information may be supplied to other organisations by CRAs and FPAs to perform similar checks and to trace your whereabouts and recover debts that you owe. Records remain on file for 6 years after they are closed, whether settled by you or defaulted.
If you give us false or inaccurate information and we suspect or identify fraud we will record this and will also pass this information to FPAs and other organisations involved in crime and fraud prevention.
If you have borrowed from us and do not make payments that you owe us, we will trace your whereabouts and recover debts.
We and other organisations may access and use from other countries the information recorded by Fraud Prevention Agencies.
Your data may also be used for other purposes for which you give your specific permission or, in very limited circumstances, when required by law or where permitted under the terms of the Data Protection Act 1998.

How to find out more

This is a condensed version and if you would like to read the full details of how your data may be used please click here or phone 01903 237221 or ask one of our staff.

You can contact the CRAs currently operating in the UK; the information they hold may not be the same so it is worth contacting them all. They will charge you a small statutory fee.

Experian, Consumer Help Service, PO Box 8000, Nottingham NG80 7WF or call 0844 4818000 or log on to www.experian.co.uk.

CallCredit, Consumer Services Team, PO Box 491, Leeds, LS3 1WZ or call 0870 0601414

Equifax PLC, Credit File Advice Centre, PO Box 3001, Bradford, BD1 5US or call 0870 010 0583 or log on to www.myequifax.co.uk

West Sussex and Surrey Credit Union, trading as Boom Credit Union, is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority: Firm ref. 475226