How it works
With a single predictable monthly repayment and repayments straight from your salary, using the card is hassle-free.
1. Easily apply online
Whether you’re a new or existing member, it’s easy to apply online via our secure form. The process should take 15 minutes or less.
Applying is risk-free, and won’t impact on your credit file, even if you aren’t improved.
2. Get approved
We’ll use your application to determine whether we can issue a card, and to set a credit limit that is affordable for you.
At this stage we’ll also pass your details to the MOD to set up repayments from your salary.
3. Spend using your card
Use your card anywhere a MasterCard debit card is accepted.
Debit card transactions are included, with a small fee for cash withdrawals.
4. Predictable payments
The same amount comes out of your pay each month, whether or not you use the card.
If you pay in more than you’ve spent, the money is yours to spend, or you can transfer it into your savings. We won’t charge interest.
5. Take a holiday
For up to 30 days per year, overseas payments and cash withdrawals are on us.
Once a year, you can also arrange a one-month holiday where your payment will be paused.
6. Auto-land at any time
If you’re deployed or your plans change, you can convert your card to a regular loan.
Repayments will continue, with the balance paying itself off in 18 months or less.
Salary deducted repayments
Forces Finance Card is available exclusively to serving members of the UK armed forces, with repayments made directly via your JPA-administered salary.
Building a better bank
Forces Finance is provided by London Mutual Credit Union, a not-for-profit community bank which is owned by our customers.
Since 1982, we’ve provided easy ways to save and affordable loans to thousands of council staff and NHS employees across the London Boroughs of Lambeth, Southwark, Westminster and Camden, and since 2015, membership has been open to members of the UK armed forces as well.
In 2015, London Mutual was honored to welcome Victoria Cross recipient Lance Sergeant Johnson Beharry as our first armed forces member.
London Mutual Credit Union
4 Heaton Road,
London SE15 3TH