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Christmas Loan

Christmas Loan 

Replacing our previous Special Winter Loan the Christmas Loan offers you greater flexibility when it comes to spreading the cost of the festive period.

Features and benefits

Available all year round - are you one of those really organised people who have all their Christmas shopping done by October or do you start your shopping in the January Sales? Well if you do then you can organise your loan at any time now and grab all those bargains with confidence and spread the cost over the next 12 months. Job done!!

We've increased the value available - now with an extra £500 available you can borrow up to £1500; after all these smart phones and tablets aren't cheap. For a quote give our Loans team a call on 0141 771 1314 Option 1.

Savings Discount Scheme - Our Christmas Loan is in line with all our other loan products and any savings you have with the credit union are held in lien of any outstanding debt you have with us. The reason for this is due to the mutual model we operate where the money that we lend you as a member comes from the savings we take in from all our members and is a measure taken to safeguard and mitigate any losses.

For this reason we introduced our Savings Discount Scheme. The discount scheme allows you to pledge your eligible savings against the loan of your choice if available and if your application is approved receive a discount on our standard rate.

Guaranteed Rate - Remember we don't quote Representative Rates which you may or may not get, all our standard rates are guaranteed; the rate you see is the rate you get... unless of course we have a special offer on or you can utilise the discount scheme when you'll get an even BETTER rate.

Life Cover - all our loans come with free life cover meaning should the worst happen your loved ones are not left with the financial burden of your Credit Union loan (Terms & Conditions Apply).

Cancellation rights

If you wish to cancel your loan application, just let us know you no longer wish to proceed and it will be removed.

However, if your loan has been approved and loan funds have been allocated to your loan account, the following conditions apply under the Distance Marketing Directive.

Loan applications not completed in person at our office can be cancelled in writing within 14 days of signing your loan agreement. Any funds paid to you must be returned within 30 days of cancellation.

Loans completed in person at our office cannot be cancelled under the Distance Marketing Directive. If you change your mind, you simply repay the full amount owing, including any interest due, as agreed.