Congratulations! You’ve done the hard bit – you have a foot on the career ladder and now it’s time to get organised. As a probationary officer, we recognise there are new challenges that you will inevitably have to face and while we can’t pretend to help fight crime, we can help financially.
We have specifically designed the Student Officers Loan to help you organise your career path and the direction your life is going to take from here. For example, you may want to get your own place or need to upgrade your car or even pay off all your credit cards now that you are in a position of authority. Whatever it is you need, let us help; we could help make keeping your finances in check a whole lot easier.
We take great pride in providing the best possible service for you. A loan with us has many advantages, here are some of them:
At a glance:
- Student Officers Loans are available up to a maximum of £7,500 over a maximum of 60 months.
- Discounted interest rate to get you started and on your feet.
- Top up loan facility available.
- Payroll deduction available for your convenience.
- Student Officers Loans are restricted to one per member.
- Life Cover up to age 65 is included at no extra cost to the member which will double your savings and pay any outstanding balance on your loan.
How do I apply?
To apply for this loan, you need to be an existing member of the credit union saving a minimum of £5 per month and you would need to continue to save during the period of the loan. Your savings remain your money and you are able to withdraw them whenever you need so, if you are not already a member, click here to join. If you are already a member, then click here to apply for a Student Officers Loan online. In addition, you can also phone, email, visit us or even write to us requesting an application form.
How much does it cost?
We offer a reduced interest rate for new recruits to help you get to grips with your finances. The current interest rate is set at 8.9% and you can take the loan over anything up to 60 months. For a quote, you can simply go to our repayment calculator by clicking here.
How do I get the money and how long does it take?
Once the loan papers have been signed and agreed, the money will be transferred directly to your bank account by BACS which takes three working days or a cheque will be issued upon request.
CUNA Mutual offer Income Protection that will protect your income from accident, sickness or loss of job. Click here for more details: