Little Pioneers Nursery Loan

Spread the cost of your Little Pioneers childcare with The Co-op Credit Union

We could help you to spread the cost, safely and affordably over a timescale to suit you, with competitive interest rates and no hidden fees or charges.

For example, a typical finance package could reduce your monthly payments by around 40% allowing you the financial freedom to make more flexible choices about your work and home life.

What might it cost? Here’s a typical example:

6 months childcare fee package based on average fees of £500/month – totalling £3,000
With loan, monthly payments are reduced to £266/month, spread over 12 months.

Amount borrowed £3,000. 11 monthly repayments of £266.13/month and a final 12th month payment of £266.21. Total repayable £3,193.64. Total cost of credit £193.64. APR 12.3%
Example shown is for an initial 6-month loan. You can apply to top-up loan every 6 months, if required.

Any Questions? See FAQs below for full details or request a callback for an informal chat with one of our team if you would like to know more.

Apply now via the Nivo messaging app

Applications are made via Nivo, a secure messaging service app. All conversations through the app are encrypted to keep your information safe and protect your privacy. With Nivo, you will be able to digitally send us the documentation needed to progress your application and to conveniently sign your loan agreements if you’re successful. Find out more about Nivo here

Note: all loans are subject to our lending policy and affordability checks. See below for full details. Please also take a look at our ‘Good to know’ information and FAQs below before applying.

Good to know

  • Loans are released in 6-month blocks and topped up as you go, allowing you to borrow only what you need on a term-to-term basis
  • Loan funds are paid directly to Little Pioneers Nurseries, or to your Tax-Free Childcare Account if you are eligible
  • Loans are fully flexible, and you are free to amend or cancel your childcare requirements as and when you wish with 1 months’ notice, as per Little Pioneers’ normal terms and conditions. Any overpayments would be refunded
  • A nursery place for your child should be confirmed with Little Pioneers before you apply for Play Now, Pay Later. You should book your nursery place based on the level of childcare that would be required should your loan application be successful.
  • Applications can be made a maximum of 6 months in advance of the starting date of your nursery place. 
  • We advise that the application is made in the name of the main earner in the household to maximise the likelihood of being approved. Currently, this loan is not available to anyone self employed.
  • The Play Now, Pay Later Childcare loan is an exclusive benefit for Your Co-op Members. Little Pioneers is part of the Your Co-op Midcounties Family. Not yet a Your Co-op member? It’s free and simple to join, visit the Your Co-op Membership Website for more details and to join today

About our loans

All loan applications are subject to our loan approval policy. We will check your credit history and assess the affordability of loan repayments by reviewing your bank account(s). We may also request additional supporting information such as payslips, ID documents or immigration paperwork depending upon your circumstances.

Each six-month top-up is subject to review. We cannot guarantee future loans will be approved should your financial circumstances change. All lending decisions are ultimately at the discretion of our team. We will be happy to provide information about how we made any decision upon request.

Why choose The Co-op Credit Union?

·      Our interest rates are competitive because we’re a not-for-profit co-operative organisation owned by members and run for the benefit of members.

·      We pride ourselves on being fair and transparent – there are no joining fees, hidden charges or early repayment penalties with our loans and we only charge interest on the reducing loan balance to save you money

·      We work closely in partnership with Little Pioneers to make the process as simple as possible

·      Members of The Co-op Credit union are required to save a minimum of £10/month into a savings account with us. Your savings build up as you repay your loan, which you can access once the loan is repaid – a perfect way to save for your child’s future. 

Find out more about being a credit union member here


Any further questions?

About the loan product: request a callback for an informal chat with one of our team, or get in touch in any of the ways listed.

About Little Pioneers Nursery: please vist the Little Pioneers website or contact Little Pioneers: email