We offer a clear and simple loan that is affordable and has the flexibility to suit your changing needs. Repayments can be made through Payroll Deduction, we don’t insist on a minimum borrowing amount or timescale and our Loans Team assess all applications on your affordability to repay.
Everyone must be looking forward to some sunshine this year or maybe a holiday in the snow, but if the thought of budgeting for your next holiday is daunting then this product is for you. You can borrow any amount over 10 months at an interest rate of 9.9% APR.
Student Officers Loans are available up to a maximum of £7,500 over a maximum of 60 months and a discounted interest rate that will help get you started on your career path. Payroll Deduction is available in various forces meaning you can repay each month direct from your salary.
Many of you opt to take a lump sum commutation from your pension entitlement. With a Commutation Loan you will be able to buy that villa or car you’ve always dreamt of upto three years prior to retirement and the release of your commutation.
The Budget Account is a short term facility that is designed to help you manage your finances on a day to day basis. It allows you to pay for costly expenses when you need to and spread the cost out over a few months or defer payment until a time when you are expecting some additional funds.
The Revolving Credit is designed for small frequent borrowing so it’s great for things like season travel tickets or an annual car parking fee or even just those unexpected bills. What’s more it can potentially save you money in situations where it’s cheaper to pay upfront.
The Loyalty Loan is designed for you to borrow, whilst still protecting your hard earned savings. You are also able to make extra repayments and clear your loan early without penalty.
We recognise that you can’t plan for the unexpected, so if you have unforeseen home repairs or bills that you didn’t expect; that’s where the 70 Plus Loan comes in, for our loyal members who have been with the Credit Union for three years or more and are 70 years old or over.
We understand that you may take out a loan and at some point in the future need extra funds, that’s why we provide the option for you to take out additional borrowing before your current loan term ends. On this page you will find out which loans can be topped up and how the process works.