Member Loan

We all need to borrow money sometimes whether it’s for home improvements, upgrading your car or even to consolidate your existing borrowing. The member loan is available for flexible, affordable loans tailored to suit your needs. You can apply for a loan at any time, regardless of your length of membership or the amount in your savings account. We also allow you to apply to top-up your loan too, should you ever find yourself needing extra funds!


Member Loan Calculator

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Interest Rates for the Member Loan 

Amount borrowed APR
Under £4,999 9.9% APR
£5,000 - £6,999 7.9% APR
£7,000 - £19,999 6.9% APR
£20,000 - £25,000 7.9% APR


Key Product Information 

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 90 months and must be repaid by your 70th birthday.
Amount of loan available You can borrow up to £25,000 maximum across all unsecured lending with us.

If you are applying for a loan for debt consolidation purposes and have been a member of the Credit Union for less than two years, the maximum amount you can apply for is £15,000.

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.


Borrowing to consolidate debt 

You can use our Member Loan for consolidation purposes. This could reduce your monthly outgoings, leaving you with more disposable cash each month. Care should be taken when consolidating debt. It may increase your total amount payable, or the period, over which it is to be paid, and impair your credit rating.

Please be aware if you have been a member of the Credit Union for under two years, the maximum amount you can borrow for debt consolidation purposes is £15,000.

If you are unsure what to do, seek independent financial advice.


Life Protection

Life Protection is included up to the age of 70. Loans are protected up to a maximum borrowing of £40,000 per member, 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