£500 Christmas Loan

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.


Can FAIRshare support you through the season?

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.


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

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.


Save as you Borrow…

Repayment Period RepaymentsSavingsTotal 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

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, you can apply for one of our other loans

We’d love to hear from you.

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