Christmas Loan - M4Money Credit Union

Christmas Loan

Christmas is an exciting time of the year which many look forward to as you can spend it with your loved ones. However sometimes if you are struggling to make ends meet, it can get stressful especially when it comes to buying Christmas presents or fixing the boiler because it broke down just before the Christmas festivities.

At M for Money, we are here to help you spread the cost of Christmas with our Christmas Loan. We are cheaper than most doorstep lenders or expensive credit cards. Our interest rates are low and you can borrow up to three times what you have saved in your basic savings account up to a maximum of £10,000 above the level of savings in this account.

Representative example:

Loan amount: £1,000
Repayment period: 24 months
Interest rate: 24%
Monthly instalment: £52.88
Total interest on the loan: £268

You can get a better deal on your loan if you are part of our Salary Saving Scheme.

Our Christmas loan is open to current and new members. There is no set-up fee or early repayment charges.

All applications are subject to eligibility and credit checks.