| Police Mutual and No1 CopperPot are working together in order to pursue our joint mission of helping the Police Family financially. |
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Our Affiliate Member Loan allows you to borrow for a wide range of purposes. Common purposes which our members use this loan for are home improvements, car purchases and weddings.
All loans are subject to affordability and our lending criteria.
✓ All applicants must be aged 18 or over and a UK resident.
✓ Only members of the Credit Union can obtain a loan (you can apply for membership with your loan application if necessary).
Interest Rates for the Affiliate Member Loan
| Amount borrowed | APR |
| Under £4,999 | 12.89% APR |
| £5,000 – £9,999 | 7.9% APR |
| £10,000 – £19,999 | 6.9% APR |
| £20,000 – £35,000 | 7.9% APR |
Loan terms and conditions can be found here and should be read prior to application.
| 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. |
| Repayment period | The maximum loan term is 96 months and must be repaid by your 70th birthday. |
| Amount of loan available | You can borrow up to £35,000 using our Affiliate Member Loan.
You can only borrow a maximum of £35,000 across all unsecured lending with us, however this does not include the Commutation Loan. |
| Application/Arrangement Fee | No application or arrangement fees apply. |
| Default Fees | None. |
| Early settlement | You can repay the loan at any time fully or partially without charge. |
| Other information | This loan is not a regulated consumer credit product. This does not affect your Financial Ombudsman rights. |
