Christmas Loans

If you could do with a little help to spread the cost of Christmas, your Credit Union is here to help with a low-cost loan.

Every year, hundreds of our members take out Christmas loans to help out with their festive finances.

With an affordable loan from the Credit Union, you can spread the cost and repay in instalments at a pace to suit you, helping you to relax and enjoy Christmas.

So whether it’s a just little extra to help out with the Christmas present shopping, or perhaps something bigger you have in mind, with loans available from just £50 up to £15,000, we can help with all your festive needs.

Already a member? Apply for a loan now

New member? Find out how to join & borrow

What does it cost?

As a guide, we’ve compared a few of the popular loans products currently on the market to show how a Co-op Credit Union Christmas Loan could save you money:

Typical cost to borrow £1,000 for 12 months:


NB: Examples given are for illustrative purposes only, based on outline quotations taken from the provider’s websites and actual costs may vary.

How it works
• In addition to loan repayments, all members must save a minimum of £10/month, which is taken directly from payroll or by direct debit.
• This means you build up savings even when you’re repaying a loan, and savings quickly mount up.
• Because we’re a co-op and don’t have outside shareholders to satisfy, we’re able to pass on affordable loan rates to our members.
• You can take a look at example loan rates on our loans calculator
• All membership and loan applications are subject to approval

The Co-op Credit Union uses an online service, which meets the requirements of anti-money laundering legislation, allowing us to verify the identity of new members. If you would rather not be checked electronically you can still send documentation. Please ask for details. If we cannot find out enough information about you, we reserve the right to ask for documentation.