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 possible.

Our Christmas Loan is back, giving you an alternative way to finance the festive period. You can apply to borrow up to £2,000 over a maximum term of 10 months, meaning your loan will be cleared before next Christmas.

The rate is fixed at 10.9% APR meaning this is the rate you get if approved, regardless of your credit score. You can use our loan calculator below to work out how much your repayments could be each month before you apply, making sure it is affordable to you.



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.
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. You can borrow up to £35,000 maximum across all unsecured lending with us.
Application/ Arrangement Fee No application or arrangement fees apply.
Others 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.



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.