70+ Loan

We recognise that you can’t plan for the unexpected, so if you have unforeseen home repairs that need sorting or bills that you just didn’t expect, the 70 Plus Loan could help. If you have been a member of the Credit Union for three years or more and are 70 years of age or over, you can apply for a 70 Plus Loan. It also includes extended Life Protection up to age 75. We’re happy that we can offer great products to all ages.

Key Product Information for our 70 Plus Loan
APR 9.9% APR
Interest charging information Interest rate fixed for the life of the loan. Interest accrues daily and is charged on a monthly basis.
Repayment information You can repay your loan by pension deduction or Direct Debit. Speak to one of our Customer Service Officers on 0161 741 3160 to see if pension deduction is available for you. First payment due on the next available date after drawdown of loan.
Repayment period The maximum loan term is 36 months and must be repaid by your 75th birthday.
Amount of loan available You can borrow up to a maximum of £5,000 on this product.
Application/Arrangement Fee No application or arrangement fees apply.
Other Fees None.
Default Fees None.
 Repayments You can repay the loan at any time fully or partially without charge.

All loans are subject to affordability and our lending criteria.

Life Protection

Extended Life Protection is included up to the age of 75. Your loan would be protected up to £5,000, this means that your loan would be cleared, ensuring that your debt does not remain outstanding, subject to 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.

70 Plus Loan

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