We recognise that you can't plan for the unexpected, so if you have unforeseen home repairs that need to be undergone or unpredicted bills that you just didn't expect; that's where we can help....
At a glance:
- Borrow up to £5000 up to 36 months
- Life Cover included (terms and conditions apply)
- No penalties for early repayments or lump-sum deposits
- Applications are assessed independently of your savings balance
Who can apply for the loan?
We want to reward our long standing members, therefore the loan is available to Members who have been with the Credit Union for 3 years or more and are 65 years old or over. You can apply for the loan over a maximum of 36 months and the loan must be repaid before your 75th birthday, so this must be taken into account when deciding on how many months you would like the term to be.
How much will it cost me?
The interest rate on this loan is set at 15.9% and includes the Life Cover that is very hard to find elsewhere after the age of 65, particularly at no cost to you. To get a quote or find out how much repayments will be for your desired amount or term, click here to visit our repayment calculator.
What if I want to pay off my loan before the end of the term?
That's no problem, you are able to make extra payments and even pay off your loan before the end of the term without incurring any penalties or charges, as you are with any No1 CopperPot loan.
How do I apply?
You can apply online by clicking here, or if you prefer, you can either come in person to our offices or contact us to request an application form by post.
