£500 Christmas Loan

Save as you Borrow

Let FAIRshare support you through the season with a £500  Christmas Loan.  The loan has fixed, affordable 1/2/4 weekly or monthly repayment options to suit your budget. It includes Save as you Borrow so our Christmas Loan helps spread your festive season costs and save for next Christmas at the same time. If you have an existing FAIRshare Loan, you can still apply and your application will be assessed for affordability by a Loans Officer, (Terms & Conditions apply). Application deadline: 10th December new members, 17th December for members.

To apply for a £500 Christmas Loan you must:

  • Be 18 years of age or over
  • Be or become a member of FAIRshare Credit Union
  • Have a regular income from employment, pensions or benefits

Processing time will vary depending on demand, but we aim to have made a decision within four working days of receiving all supporting paperwork.

Save as you borrow

The £500 loan is paid over one year (APR of 42.6%). Repayments will include a saving amount – so after one year, you will have repaid the loan AND saved for next Christmas!

Repayment Period RepaymentsSavingsTotal Regular
Total Saved
for Next Year
2 Weekly£22.97£7£29.22£182
4 Weekly£46.21£13£59.21£169

Representative Example: Borrowing £500 over 52 weeks will cost £11.45 a week + £3.00 a week savings = £14.45 including savings.  Total amount repayable is £751.40 which includes interest at 42.6% APR.

Looking for a different amount?

If you want to borrow a different amount for Christmas, you can apply for one of our other loans values. 

We’d love to hear from you.

Do you have a question about FAIRshare services? Our team is ready to answer all your questions.