M for Money Credit Union is offering Key Worker Loans of £1,000 repayable over up to 60 months at just 0.5% per month interest (6.3% APR).
NHS, Council, Emergency and School staff all qualify. Loans are subject to affordability and credit checks.
New members joining and saving through payroll deduction can get up to £2,000 unless they are a homeowner in which case they can borrow £3,000.
New keyworker members joining and saving through a standing order, will be restricted to loans of £1,000.
Key Worker Loans may be added to existing loans providing affordability checks are satisfied. Any combined loan will attract a new loan rate of 1% (12.68% APR).