Police Magazine


We all need to borrow money sometimes, whether it’s for home improvements, upgrading your car or even for your next holiday. 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!


Interest Rates for the Member Loan 

Amount borrowedAPR
Under £4,99912.89% APR
£5,000 – £9,9997.9% APR
£10,000 – £19,9996.9% APR
£20,000 – £35,0007.9% APR


Key Product Information 

All applicants must be aged 18 or over and a UK resident. 

Interest charging informationInterest rate fixed for the life of the loan. Interest accrues daily and is charged on a monthly basis.
Repayment informationYou can repay your loan by payroll deduction or Direct Debit. To see if we offer payroll deduction in your force click here.
Repayment periodThe maximum loan term is 96 months and must be repaid by your 70th birthday.
Amount of loan availableYou can borrow up to £35,000 maximum across all unsecured lending with us.
Application/Arrangement FeeNo application or arrangement fees apply.
Other FeesNone.
Default FeesNone.
Early settlementYou can repay the loan at any time fully or partially without charge.

All loans are subject to affordability and our lending criteria.

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

This loan is not a regulated consumer credit product. This does not affect your Financial Ombudsman rights.



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.

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.