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Tel: 020 7561 1786 (Multilingual advisors available)  •  Fax: 020 7272 8192  •  Email: info@credit-union.coop

Wed 16-Aug-2017
NewsSpread the cost of Christmas
Print
7 December 2016
Spread the cost of Christmas

It might be too late to start saving for this Christmas, but if you take out a low cost Saver Loan from the Credit Union now, by this time next year you could have a lump sum to pay for next Christmas.

Our low cost saver loans allow you to borrow the amount you need – which could help you pay for this Christmas – while building up savings which will help you pay for next Christmas.

You can apply for a low cost ‘Instant Saver Loan’ at any time and, once your loan has been approved, you must join the Credit Union with an opening savings deposit of £20.

If you choose to pay through a payroll deduction scheme, or save at least £27 per calendar month for 12 months, you will be rewarded for saving by qualifying for an even lower interest rate ‘Saver Loan’.

Chief Executive Martin Groombridge says: “Our unique Saver Loans see part of your regular repayments allocated to your savings account, which means that as you repay your loan your savings continue to grow. These loans provide an excellent way of accessing the funds you need now – whether that is for Christmas, a holiday or home repairs – while enabling you to build up the savings you need for the future.”

You can access your savings once the Savings Loan is repaid. The principle of this type of loan means that you can gradually reduce and ultimately eliminate your need to borrow – saving you money and stress!

Click here to find out more about our Saver Loan and how much it would cost you.


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  • London Capital Credit Union
  • Tel: 020 7561 1786 (Multilingual advisors available)  • 
  • Fax: 020 7272 8192  • 
  • Email: info@credit-union.coop
  • Web: http://www.credit-union.coop
Authorised by the Prudential Regulation Authority & regulated by the Financial Conduct Authority & the Prudential Regulation Authority. Firm Ref. No. 214094