Christmas Loan


As Christmas is just around the corner, now could be a good time to start planning on how you are going to fund the festive period. A great way to finance Christmas is to save in advance, however, sometimes it’s not always possible.

The Christmas Loan was created to give our members an affordable alternative to high interest credit cards and loans. A way we help to ensure that it stays affordable is by making sure the debt doesn’t carry on longer than necessary. Therefore we have made repayments for the Christmas Loan over a maximum term of 10 months, as this allows your loan to be cleared before next Christmas.


*Our Christmas Loan has now closed for applications, it will be back for Christmas 2020!* 


Christmas Loan Calculator

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Key Product Information

APR 10.9% 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 payroll deduction or Direct Debit. To see if we offer payroll deduction in your force click here. First payment due on the next available agreed date after drawdown of loan.
Repayment period The maximum loan term is 10 months and must be repaid by your 70th birthday.
Amount of loan available You can borrow up to £2,000 with our Christmas Loan. The maximum amount you can borrow across all our unsecured loans is £25,000.
Application/Arrangement Fee No application or arrangement fees apply.
Other Fees None.
Default Fees None.
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.

Life Protection

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.