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Loans Personal Loans

Boom! Personal Loans

Borrow from £300 to £15,000 without paying crazy interest.

We believe everybody has a right to be included in the financial system without being charged ridiculously high interest rates. Even if you have a bad credit history or low income, you could be eligible for a Boom! loan to help you pay for those emergencies or things that are important to you.

Our interest rates are affordable, and they’re comparable to high street banks. And our Save As You Borrow policy means you have a nice lump sum saved when you finish paying off your loan too.

Please call us and speak to our loan officer if your require a loan higher than £15,000 and we will discuss with you your requirements.

How it works

You can apply for our personal loans online, by post or by coming into our offices. To apply for a loan you must:

  • Be 18 or over
  • Have an income of more than £125 a week
  • Live or work in West Sussex, Surrey or Kingston, or work for an employer based in these areas.

Everyone who takes out a loan must save some money as they pay back their loan. Your loan repayment will consist of two parts: the loan repayment itself and a savings contribution. When your loan is paid off you have a nice lump sum that you can spend or save. By having a Save As You Borrow policy we can give more people access to fairer loans.


Why borrow from us?

  • Build your savings as you repay your loan
  • Repay early if you want to, with no early repayment fees
  • Get a prepaid debit card if you want one.

Loan Calculator

How do we compare?

So, just how much more affordable is a credit union loan? Even if you have a bad credit history, or no credit history, we may be able to offer you a loan at a lower rate than you can get anywhere else.

The rate we can offer you depends on your circumstances and the amount you borrow, but it will never be more than 42% APR (annual percentage rate).

  • - Payday loan companies can legally charge you up to 1000% APR.
  • - Pawn brokers usually charge between 50 and 90% APR and hold an item as security.
  • - High street banks may charge lower APR, but you will need a good credit history to be eligible for their best offers.
Loan comparison for smaller loans
LenderAmount borrowedWeekly repaymentNumber of weeks Total cost of the credit
Interest rate
Provident Personal Credit *£ 500£ 1852£ 436299.3% APR
Boom! £ 500£ 11.4852£ 96.7542.58% APR

* Source: (02/03/2017)

What you need to apply

You can apply online, at our offices or by filling out this application form [pdf] and posting it to us. We use online ID verification, but sometimes we might need to see proof of your ID, income and address before we can release the money. You will need to post or email us copies of these, or bring them into our offices in Worthing or Crawley. We may need to see:

  • A passport or driver’s licence
  • A utility or council tax bill from the last three months to prove your address

If you have any questions about proof of ID, address or income, contact us.

See What You Can Borrow APPLY NOW

Accessing the money

When your loan is approved we send you the details of your loan account. You can access and move the money by:

  • calling us on 01903 237221
  • visiting us in our offices in Worthing or Crawley.

If you come into our offices, we can transfer the money into your designated bank account immediately, or issue you with a cheque. If the cheque is for £500 or less you can cash it for free at specific local post offices. We can’t make cash payments. Please remember to bring proof of ID with you.

You can also request a prepaid card for your loan account. You can then load the money from your loan account onto the prepaid card and use it as you would a debit card.

Repaying your loan

You can choose to pay back your loan weekly, fortnightly, four weekly or monthly. We charge interest by the day and don't front load your loan with charges.

You need to pay enough into your loan account each month to cover the loan payment. You can set up a standing order to pay it from your bank account, or pay in cash at our offices.

You can pay in more if you want to and either save it or use your prepaid debit card to spend it. We can also set up any standing orders or direct debits that you need on the account.

If there are changes to your income or your situation, and you can’t make a payment, let us know as soon as possible. We can then work out an affordable way for you to repay the loan without it costing you unnecessary interest.

Saving as you pay back your loan

Each month, a part of your monthly loan payment will be put into a separate savings account as part of our ‘Save as You Borrow’ scheme. We hold the savings in a separate savings account that you can access when the loan is paid off. Doing it this way makes it possible for us to have a lower interest rate and to lend to you even if you have a poor credit history.

Fees and charges

  • There are no early repayment fees.
  • Interest is charged daily and we don't front load your loan with charges.
  • The amount you will need to pay each month will be clearly set out in your final loan offer. This figure will be broken down so that you can see how much of your payment is going towards repaying the lump sum you have borrowed, and how much is for interest on the loan.

See What You Can Borrow APPLY NOW

Still have a question that needs answering - take a look at our Loan FAQs.

Contact Us
  • BOOM! Credit Union
  • Tel: 01903 237221
  • Fax: 1890 800 011
  • Email:
  • Web:
  • Address: 129 Montague Street, Worthing, West Sussex, BN11 3BP

We're a credit union for people who live or work in Surrey, Kingston, and West Sussex.

We give local people access to fair and affordable loans and savings accounts. And we help our members to manage their money.

Main Office
  • T:
  • E:
  • 01903 237221
  • 129 Montague Street,
  • Worthing, West Sussex, BN11 3BP
Opening Hours
  • Mon - Fri
  • 10:00 - 15:00
Crawley Drop-In Centre
  • T:
  • 01293 438537
  • Crawley Town Hall,
  • The Boulevard
  • Crawley, RH10 1UZ
Opening Hours
  • Mon & Fri
  • 09:30 - 15:45
Follow Us
Find Us here:
Boom! Credit Union is the trading name for the West Sussex and Surrey Credit Union. We're authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our FRN is 475226