Our Christmas Loan gives you an alternative way to finance the festive period if you have not been able to save for it. You can apply to borrow up to £2,000 over a maximum term of 10 months, meaning your loan should be cleared before next Christmas.

All loans are subject to affordability and our lending criteria.


This loan is not currently open to new applications. 



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

Interest Rate of the Christmas Loan

Annual Percentage Rate15.89% APR
Interest charging InformationThe APR is fixed for the life of the loan. Interest accrues daily and is charged on a monthly basis.

Key Product Information

Loan terms and conditions can be found here and should be read prior to application. 

Repayment InformationYou can repay the interest on your loan by payroll deduction or Direct Debit.
Repayment PeriodThe loan term will not exceed 10 months and must be repaid before your 70th birthday.
Amount of loan availableYou can borrow up to £2,000 with our Christmas Loan. You can borrow up to £35,000 maximum across all unsecured loans lending with us, however this does not include the Commutation Loan.
Application/ Arrangement FeeNone.
Missed Payment FeesNone. Missed payments can have a negative impact on your credit file.
Default FeesNone.
Early SettlementsYou 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

Christmas Loan Terms and Conditions

General Loan Terms and Conditions

Christmas Loan Calculator

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Life Protection

Life Protection is included with all our loans and covers you up until your 70th birthday. 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.

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.