Revolving Credit

Do you have an annual payment you must plan for? The Revolving Credit could be of use to you. It’s designed for small frequent borrowing, so it’s great for things like season travel tickets or an annual car parking fee or even just those unexpected bills that seem to find their way onto our doorsteps at the most inconvenient times. What’s more, it can potentially save you money in situations where it’s cheaper to pay upfront.


Key Product Information

APR 12.68% APR
Interest charging information Interest rate is charged at 1% per month. 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 36 months and must be repaid by your 70th birthday.
Amount of loan available You can borrow up to a maximum of £5000 on this product but a maximum of up to £25,000 across all our unsecured loans.
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.


Repayment Information

Limit Monthly Repayment
£500 £16
£1,000 £32
£1,500 £48
£2,000 £64
£2,500 £80
£3,000 £96
£4,000 £132
£5,000 £166



Withdrawing funds

Once the service is set up, it's so simple to withdraw. You can do this by phone or by writing, but better still, you can do this online and, as long as the balance does not exceed the agreed limit, we will send a cheque or credit to your nominated bank account.

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.