Products

Loans

If you need that extra bit of money for a new car, holiday, or any unexpected expense, our range of awardwinning loan products are designed to fit your needs, at affordable rates.

Calculate a loan

Who can apply?

Current members can apply for a loan at any time. Assuming you live within our common bond and are eligible to join, it is also possible to become a member at the same time as you apply for a loan.

Certain products and promotions are only open to those who have been a member for a certain period of time, have a certain amount saved with us, or who are signed up for payroll deduction.

The application process

Our online application form is straightforward, and should take about 15 minutes to complete. Before you begin, it's worth having your national insurance number handy, as well as a photo or scan of your payslip and bank statements. You may be asked to provide these as part of the process.

Once your application has been received, it will be looked at by a member of our loans team, who will use the information you've provided to decide whether or not we can approve your application. This can take 7-10 days. We'll update you by SMS and let you know the outcome when this step is complete.

If your application is approved, you'll be asked to sign a loan agreement setting out the terms of your loan, including details such as the amount to be borrowed and the repayment period.

Once the loan agreement is signed, we'll transfer the funds into your account within 2-3 working days. Loan repayments will then take place on the date and via the method agreed.

Will I be accepted?

We will make a decision based on how much you have applied for, and our assessment of your ability to repay. We'll do this by at your income, expenditure and credit history. When you apply, we may ask you to provide bank statements and payslips as evidence of this.

All loan decisions are made by a person, not a computer, and so we will always try to take the whole picture into account. In cases where we can’t approve the full amount, we may be able to offer you a lesser amount, or an alternative rate.

How to apply

You can apply at any time using our online application process. Simply use the calculator on this page to decide how much you'd like to borrow and over what period of time. Then, click 'apply for this loan' to begin the process.

You can also apply in person in any of our branches - just be sure to bring valid ID and proof of address, payslips and bank statements with you.

Not ready to apply? Get a reminder emailed to you, with a handy link to apply.

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Rescue loans

If you need a loan of up to £400 with an instant decision, we can help.

At 42.6% APR, our rescue loan provides a fair alternative to commercial payday lenders, who charge up to 1500%APR. So taking out a CUOK loan can make good financial sense.

Homeowner loans

Whether you are looking to make those essential home improvements, or you are looking to buy your dream car, make those dreams a reality with out Home Owner Loan.

Borrow up to £25,000 payable over 84 months at an interest rate of 4.9%APR

Gold & Platinum Loan

If you’re in full-time employment and have a strong credit history you could be eligible our Gold or Platinum Loans.

Borrow from £5,000 to £7,499 at 6.9% APR, repay from 6 to 60 months, or from £7,500 to £15,000 at 5.9% APR, repayable over 12 to 60 months

Truth in lending

As an ethical and fair organisation, we believe that borrowing money should be a carefully thought through process, and the way we lend is built around your ability to repay.

No hidden costs

No arrangement fees

No early repayment fees

Ready to apply for a loan?
One simple application will allow you to join the Forces Finance and apply for a loan at the same time.

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