This product is not available for debt consolidation purposes, if you would like to borrow for this purpose, please see our Consolidation Loan.
Key Product Information
All applicants must be aged 18 or over and a UK resident.
|Interest charging information||Interest rate fixed at 4.9% APR for the life of the loan. Interest accrues daily and is charged on a monthly basis.|
|Repayment information||You can repay your loan by payroll deduction or Direct Debit. To see if we offer payroll deduction in your force click here.|
|Repayment period||The maximum loan term is 90 months and must be repaid by your 70th birthday.|
|Amount of loan available||You can borrow between £5,000 and £14,999 on this product, but up to £35,000 maximum across all unsecured lending with us.|
|Application/ Arrangement Fee||No application or arrangement fees apply.|
|Early settlement||You can repay the loan at any time fully or partially without charge.|
All loans are subject to affordability and our lending criteria.
Loan terms and conditions can be found here and should be read prior to application.
You’re covered with Life Protection
Life Protection is included with all our loans and covers you up to the age of 70. This does not cost you anything, it is simply another benefit of borrowing from the Credit Union and has been created purely to help our members.
Loans are protected up to a maximum of £40,000 per member. This means your loan would be cleared, ensuring your debt does not remain outstanding, subject to our terms and conditions.
All benefits are paid at the discretion of our Board of Directors. Life Protection is not an insurance policy and is not guaranteed. For more information please click here.
You cannot top up existing borrowing using this product. However, you can apply for this product to run alongside your existing borrowing, as long as your total unsecured borrowing doesn't exceed £35,000 with the Credit Union. If you have an existing loan with us and want to borrow extra, there are two options available. Click here to see more information.
If you are experiencing financial difficulty, or are struggling to repay your loan with us, please contact us as soon as possible and a member of our team will be able to assist you.