Save money on the cost of a Christmas Loan

Co-op Member or Employee?
Join & borrow today for a preferential rate on a Christmas Loan
– or borrow for any purpose, all year round

Spread the cost of Christmas with an affordable loan from YOUR credit union.

We’re a not-for-profit organisation, here for the benefit of anyone who’s a co-op employee or member.

Membership is free. Joining gives you access to a wide range of member benefits and savings & loans services:

● Apply now to join and borrow any amount from £50- £15,000

● Fair, competitive rates of interest, paid back at a pace you can afford

● Easy online application and quick decision. Apply now and you could have the funds in your account and ready to spend within two working days or less.

Apply now

What does it cost?

As a guide, here’s how much a typical Co-op Credit Union Christmas Loan for £1,000 could cost:

Duration Monthly
Cost of


12 months





Example for illustrative purposes only

A typical loan of £1,000, repaid in 12 monthly instalments of £95.66, could save you hundreds of pounds on the cost of borrowing elsewhere. We estimate we saved our members over £350,000 in loan interest in one year alone*

Apply now

How it works

• In addition to loan repayments, all members must save a minimum of £10/month, which is taken directly from payroll for co-op employees, 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 not-for-profit co-op, 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

Any Questions?

We’ve answered some of the most commonly asked questions here- from how we make loan decisions to how long it takes to receive a loan, but if there’s something else you’d like more information on, please get in touch, the team will be happy to help.

Loans are subject to our lending policy and affordability checks. Minimum term of loan – 1 week. Maximum term of loan – 5 years. Minimum APR 11.8% Maximum APR 35%. Please see our terms and conditions and privacy policy for details on the use of your personal information by ourselves and credit reference agencies.

* we conservatively estimate that our lending during the financial year 2020/21 saved our borrowers over £350,000 in interest they would have otherwise paid had they have borrowed elsewhere.