Student Officer Loan


We have specifically designed the Student Officer Loan to help you organise and plan your finances alongside your career path. This discounted loan is available for Officers within their first two years of service, and allows you to apply to borrow up to £10,000 over a maximum term of five years.

The Student Officer Loan can be used for a wide range of purposes, including home improvements, purchasing a new car, or for a well deserved holiday!

We are aware that as a Student Officer you’ve got a lot going on, so the fact that loan repayments can be made straight from your salary gives you one less thing to worry about! We offer payroll deduction with 28 Police forces, making loan repayments effortless and stress free.

Please note we only allow one Student Officer Loan per member, if you wish to borrow extra you will have to take out an alternative loan, see our additional borrowing page for more details.

Student Officers Loan Calculator

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Key Product Information

APR 5.5% 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 60 months and must be repaid by your 70th birthday.
Amount of loan available You can borrow up to a maximum of £10,000 on this product, but a maximum of up to £35,000 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.


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.