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Pre Retirement Loan

Pre Retirement Loan

A pre retirement loan from your credit union allows you the opportunity to release early up to 25% or £50,000 (whichever is the lesser) from your projected commuted lump sum if you are within 4 years of retirement.

The availablity of all pre-retirement loans is subject to surplus funds being available at the time of application.

Key Features

  • borrow up to 25% of lump sum (maximum £50,000)
  • minimum amount £20,000
  • interest only payments
  • final payment of outstanding loan balance due on retirement
  • minimum repayment term 6 months
  • maximum repayment term 48 months
  • interest rate as low as 4.1% (APR)

If you are interested in applying for a Pre-retirement loan or would like to discuss your borrowing options please contact our loans team on 0141 771 1314 and select option 1.