Low rates with repayments from your armed forces pay
When done responsibly, borrowing can be a great way to spread costs or to make your plans happen a little bit sooner.
Up to £25,000 at rates from 4.5% APR
No impact on your credit file if you aren't approved
Decisions made by a real person
No early repayment fees or hidden charges
Repayment from your MOD salary
Build savings as you repay
Ways to Borrow
Our range of salary-deducted loans are designed to make it affordable to borrow, and simple to repay.
Borrow from £100 to £15,000 for any purpose with fixed repayments and a clear end date. Rates from 5.9-13.7%, based on amount.
Forces Finance Card
Get a credit limit of up to £2,000 (19.6% APR), linked to a convenient MasterCard debit card.
Pay off credit cards or overdrafts sooner and save money on interest with a consolidation loan. Borrow up to £7,500 from 5.9% APR.
Home Owner Loan
Borrow up to £25,000 towards home improvements. Loans of up to £25,000 at 4.9% APR, repay up to 60 months.
Calculate My Loan
Unlike many lenders, all loan applications are considered by a real person. The outcome of your application will be based on careful consideration of all the relevant facts, not just an automated score.
Offer & Agreement
Apply for a loan Online
The online application will take roughly 15 minutes. As part of the process, we will ask for some information about your address history, your career, and your current household income & expenditure.
We’ll also ask you for copies of your recent bank statements and confirmation of the date you are due to leave the armed forces. It will speed things up if you have these ready, but if not, don’t worry—we will email you with a link to upload them later.
When you submit, we’ll carry out a ‘soft’ credit search to check your identity. This means there will be no negative impact on your credit file if, for some reason, we are unable to offer you a loan.
After we receive your application, our team will look through all the information you have provided to decide if we can offer you a loan.
As part of this, we will check your bank statements to make sure that the repayments are affordable—this is to protect us both, by making sure we only lend you what you can comfortably afford to repay.
This process should take 7-10 days, and we’ll send you daily text updates so you know what’s going on, and in case we have any questions.
Offer & Agreement
Once our Loan Team have made a decision, we’ll let you know by email, letting you know how much we can offer you, the interest rate, and the amount you’ll repay each month.
Often, we’ll be able to offer you the full amount you applied for, but sometimes, it may be less. If you are happy to accept our offer, we’ll email you with a digital copy of your Loan Agreement, for you to read and sign.
The best part! Once you return the Loan Agreement, the loaned funds will arrive into your account in 36 hours.
We will take care of the rest, and arrange with the Ministry of Defence for your agreed repayments to be deducted from your pay each month. You will see this listed on your payslip, alongside tax, student loan, and any other deductions you may have.
What Can I Get a Loan For?
The reasons our members borrow are as individual as they are. But whatever your reason for applying for a loan, our Loans Team will carefully consider your application and look at the full picture.