Loans for Teachers
Loans for Teachers & Education Staff
Metro Moneywise Credit Union offers low-interest loans for teachers, plus anyone working for a school, college or other educational institution. Borrow £100 to £25,000 and pay it back over a term that suits you with interest starting from just 6.2% APR.
As well as a personal service from our friendly team, you’ll enjoy easy repayments and flexible terms. It’s never been easier to get a new car, renovate your home or consolidate your debt.
Finding the best loans for teachers
From teachers to IT support staff, everyone working in education might need a loan from time to time. Whether you’re borrowing for debt consolidation, a big family holiday or just to get over a financial bump in the road, it’s important that you find the right lender for your needs.
Metro Moneywise is a credit union dedicated to responsible lending for teachers and education staff. Education is part of our common bond – a shared connection that unites our members and qualifies you for membership.
With us in your corner, you don’t just get great personal loans. You have a place to save and become financially secure for years to come.
Join us today!Why choose Metro Moneywise?
Low-interest loans
APR starts from an affordable 6.2%, depending on your loan amount.
Manageable repayments
Spread your repayments with terms from six months up to seven years.
Fair terms
You’ll only pay interest on your remaining balance, and you can repay early with no fees.
Protecting members
We’ll talk you through your options and do what’s best for you with no hidden costs.
Not-for-profit
As a financial cooperative, all profits are shared between our members, including you!
Our loan approval process
With Metro Moneywise Credit Union, you can apply for a personal loan for teachers and other education staff in five simple steps.
Become a member — If you’re not already a member, join our credit union in minutes. You’ll gain access to all our loan products and lots of other benefits. You’re automatically eligible as an employee in the education sector.
Apply online — Start your application with our handy app. Tell us how much you need to borrow, from £100 to £25,000. Then select a repayment term, between six months and seven years. Any issues? Our loans team is ready and waiting to help by phone or via web chat on the app.
Documents and checks — We’ll check your application and let you know what documents are needed. You’ll usually need to send your most recent payslip and bank statements. A credit check may be required – this is simply to assess affordability in line with our responsible lending policy.
Case-by-case review — All applications are reviewed by our team on a case-by-case basis, so your loan will be processed by real people. We’ll check everything within five working days and get in touch promptly if we need anything else.
Affordable repayments — Your repayments will be made each month via direct debit. Or you can make payments directly from your salary if you work for one of our payroll partners. Want to pay it off early? Not a problem. There are no fees, and you’ll reduce the amount of interest you pay overall.
Who is eligible for a loan?
Our common bond covers the entire education sector. By working in any education role, you are eligible to join the credit union and apply for a loan. This includes:
- Teaching & academic staff – From primary and secondary school teachers to college lecturers, university academics, tutors and researchers.
- Support & learning assistance – Teaching assistants (TAs), learning support staff, SEN (special educational needs) coordinators and pastoral care staff.
- Administrative & office staff – Such as receptionists, admissions officers, data managers, exam officers, HR staff and IT support.
- Estates & facilities staff – Site managers, cleaners, caretakers, security staff, catering teams and maintenance workers at education institutions.
- Leadership & management – Including headteachers, principals, deans, department heads, senior leadership teams and school governors or trustees.
- Careers & student services – Careers advisers, counsellors, safeguarding leads and welfare officers are also eligible.
If you’re wondering whether your loan amount is covered, we lend as much as £25,000 and as little as £100. Repayments are monthly with a term that suits your circumstances. That makes our personal loan for teachers ideal for:
- Buying a new car or repairing your existing vehicle
- Going on a big holiday with family or friends
- Splashing out on an extra-special Christmas
- Paying for your wedding or helping out your children
- Making home improvements like a new kitchen or bathroom
- Paying for pet surgery or other vet bills
- Consolidating your debts for better financial management
Get started with your loan application
Applying for a loan couldn’t be easier as a member of Metro Moneywise Credit Union.
Join today to access all our member benefits, including safe savings, annual dividends and lifelong financial support.
Apply for a loan
