£500 Christmas Loan

*20% Discount for Payroll Services Members

A key benefit of being a FAIRshare Payroll Services member is that you get special offers and discounts. If you are in need in additional support for the season ahead, FAIRshare has a £500 Christmas Loan at a *20% discount.  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 affordable, your Christmas Loan can run alongside most of our other loans (Terms & Conditions apply).

*20% discount applies to current Payroll Services Members only. The discount only applies to the £500 Christmas Loan and not other FAIRshare products and services.

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 72 hours of receiving all supporting paperwork.

Save as you borrow

The £500 loan is paid over one year – please see APR rates below. Repayments will include a saving amount – so after one year, you will have repaid the loan AND saved for next Christmas!

Repayment Period RepaymentsSavingsAPR %Total Regular
Total Saved
for Next Year
Monthly £48.44£1332.9£61.44£156
2 Weekly£22.23£733.7£29.23£182
4 Weekly£44.66£1332.95£57.66£156

Representative Example: Borrowing £500 with weekly payments over one year will cost £11.09 a week + £3.00 a week savings = £14.09 including savings.  Total amount repayable is £732.68 which includes interest at 33.3% APR (Non Payroll Members 42.6%).

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.