The Fast £500 offers our members the ability to borrow up to £500 without high interest charges or hidden fees. This service is exclusively for members who are working for one of Scotwest’s Select Employer Partners and make deposits by payroll deduction.

As a responsible lender we want to help you get out of the financial hiccup you may find yourself facing, without the cost, panic and stress that may come from using a payday lender.

We offer a guaranteed same day decision (apply by 4.30pm Monday – Thursday & 3.30pm on Friday) and give you time to pay back the loan (typically minimum 3 months) helping you get your finances under control.

Fast £500 Loan Example – £500 over 3 months

Amount per month Representative APR Interest Rate Total charge for credit Total repaid
£173.38 26.8% 24% £20.14 £520.14

 

For members who are currently borrowing from Scotwest, you can apply to top up your existing loan by calling the Member Enquiry Line on 0141 227 2390 or submitting a further loan application online.

For employees who have not yet joined Scotwest, the Fast £500 Loan is available as soon as your membership application has been approved, with your loan being paid out once Payroll Deduction has been established.

Fast £500 Terms & Conditions

Current Interest Rates

Apply for an Unsecured Loan via Fast £500

Current Members

Login & apply via online banking

Not yet a Scotwest member

You can now apply for membership of Scotwest together with a loan online at any time. Our Member Service Advisors can also take your application over the phone.

Call us on 0141 227 2390