Applications for the £500 Christmas Loan 2024 are now closed.
Applications for other FAIRshare loans can still be submitted but we cannot guarantee you will receive a loan decision prior to Christmas.
The loan has fixed, affordable 1/2/4 weekly or monthly repayment options to suit your budget. You Save as you Borrow so our Christmas Loan helps spread your festive season costs and save for next Christmas. If you have an existing FAIRshare Loan, you can still apply and your application will be assessed for affordability by a Loans Officer.
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!
Processing time will vary depending on demand, but we aim to have made a decision within four working days of receiving all supporting paperwork.
Repayment Period | Repayments | Savings | Total Regular Payments | Total Saved for Next Year |
Monthly | £50.13 | £13 | £63.13 | £156 |
Weekly | £11.45 | £3 | £14.45 | £156 |
2 Weekly | £22.97 | £7 | £29.22 | £182 |
4 Weekly | £46.21 | £13 | £59.21 | £169 |
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.
If you want to borrow a different amount, you can apply for one of our other loans.
Do you have a question about FAIRshare services? Our team is ready to answer all your questions.
TELFORD BRANCH
Unit 3, Southwater Square
Southwater Way
Telford
TF3 4JG
FAIRSHARE CREDIT UNION IS AUTHORISED BY THE PRUDENTIAL REGULATION AUTHORITY AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY AND THE PRUDENTIAL REGULATION AUTHORITY (FRN 213429). OUR MEMBERS’ MONEY IS ALSO PROTECTED BY THE FINANCIAL SERVICES COMPENSATION SCHEME (FSCS).
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