Any member of the Credit Union aged 70 or above can apply to borrow up to £5,000, over a maximum term of 36 months.

All loans are subject to affordability and our lending criteria.


✓ All applicants must be aged 18 or over and a UK or Isle of Man resident.
✓ You’re in paid employment of have a regular income.
✓ Only members of the Credit Union can obtain a loan (you can apply for membership within your loan application).

Interest rates for the 70+ Loan

Annual Percentage rate12.89% APR
Interest charging informationInterest rate fixed for the life of the loan. Interest accrues daily and is charged on a monthly basis.

Key Product Information

Repayment informationYou can repay your loan by pension deduction or Direct Debit.
Repayment periodThe maximum loan term is 36 months and must be repaid by your 80th birthday.
Amount of loan availableYou can borrow up to £5,000 using our 70+ Loan.
Application/Arrangement FeeNo application or arrangement fees apply.
Missed Payment FeesNone. Missed payments can have a negative impact on your credit file.
Default FeesNone.
Other FeesNone.
Early settlementYou can repay the loan at any time fully or partially without charge.
Other informationThis loan is not a regulated consumer credit product. This does not affect your Financial Ombudsman rights.

 Download key documents here

70+ Loan Terms and Conditions
General Loan Terms and Conditions

70 Plus Loan

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Please note: You must select an amount and term which you want to apply for to proceed with your loan application.

Extended Life Protection

We offer extended Life Protection on our 70+ Loan up until your 80th birthday, subject to terms and conditions. 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.

70+ Loans are protected up to a maximum of £5,000 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.

Additional borrowing

If you have an existing loan with us and want to borrow extra, there are two options available. Click here to see more information.

Need help?

If you are experiencing financial difficulty, or are struggling to repay your loan with us, please contact us as soon as possible and a member of our team will be able to assist you.