Baptist Union Loan Fund

IMPORTANT INFORMATION - OUR STANDARD LOAN RATE IS NOW JUST 1.25% PLUS BASE RATE.

Churches sometimes need to borrow money and the Baptist Union Loan Fund is an ideal way to make this happen.  We lend for a wide variety of projects, no just building purchases and projects. There are other sources of loans and details of these can be found in our leaflet Loans to Churches but our loan fund is specifically geared to the needs of Baptist Churches.

The Baptist Union Loan Fund (BULF) gives loans to churches in membership of the Baptist Union of Great Britain, Baptist Union of Scotland or Baptist Union of Wales. The minimum we can lend is £25,001 and churches can choose to repay from between 5 and 15 years although 20 year terms will be considered.  

We are also able to give short-term loans to churches needing to bridge the gap between the purchase of one property and the sale of another although we do charge a higher rate of interest for these. For more information see the relevant leaflet below.

Our Standard Loan Interest Rate is a variable interest rate, normally set at 3% above Bank of England Base Rate. However, to support churches the BUC has reduced it's margin to just 1.25% above base rate.

For general information about our Loan Fund read pages 3-5 of leaflet M01 Loans to Churches.
Use this link for detailed information about our Loan Fund lending criteria and sanctioning procedures.
Use this link to find stories of churches helped through a BULF loan.

Loan Fund Application Forms and Guidance Notes
All our application forms and guidance notes (except those relating to Pension Loans) can be accessed using the links below.
M02 Loan Fund Application Form
M02 Loan Fund Application Form (Word version)
M03 Guidance Notes on M02
M04 Loan Fund Application Form for Manse Loans
M04 Loan Fund Application Form for Manse Loans (Word version)
M05 Guidance Notes on M04
M07 Short-term loans for Churches
M08 Template Risk Assessment 

Deposit Accounts: We are only able to have a Loan Fund because of the churches which deposit their money with us.  We currently offer a range of Deposit Accounts for BUGB member churches and more details about these can be found on our Deposit Accounts page

The BUC is only able to enter into a loan that is a relevant credit agreement (as defined by the Financial Services and Markets Act (2000) (Financial Promotions) Order 2015) as lender for the purposes of the business of a church (or, if the church is unincorporated, the business of the church trustees) and not for any other purpose. Please see loan leaflet M01 for more information.