Christmas Loans Deadline – This year’s deadline has now passed. You can still apply, but your application may not be processed until after Christmas. Click here for more info.

Have a Credit Union Christmas

Plan ahead and pay less interest on your borrowing this year…

Avoid credit cards and online lenders this Christmas. Save hundreds of pounds with a Christmas loan from your local credit union, with the options to repay from your salary, child benefit or your membership account. Apply online today.

Spread the cost of Christmas

If you’re looking to borrow a bit extra, then get ahead of the game with a Christmas Loan from London Mutual Credit Union. We’re usually much cheaper than expensive credit cards and overdrafts, saving you hundreds of pounds in interest.

✔ Apply online or in branch

✔ All employment statuses welcome

✔ New members welcome

    Great Value Loans

    Whether for an emergency, paying for a holiday, or buying a car, borrow up to £25,00 at great rates.

    • Apply online in 15 minutes
    • No early repayment charges or hidden fees
    Borrow Repay over APR
    £100 – £2,499 3 Months  3 Years 16.08%
    £2,500 – £4,999 6 Months 5 Years 13.68%
    £5,000 – £7,499 6 Months  5 Years 8.3%
    £7,500 – £9,999 6 Months  5 Years 6.9%
    £10,000 – £15,000 1 Year 7 Years 5.9%

    Other Ways to Borrow


    Via your Salary

    If you work for one of 25 supported employers, our salary deduction scheme enables you to borrow at low rates, with repayments directly from your salary. Simply apply online, let us know who your employer is, and we’ll arrange the rest.


    Child Benefit Loan

    If you are currently unemployed or on a reduced income, but receive child benefit, we may be able to help. Our Family Saver loan enables you to borrow up to £600 (42.6% APR) with repayments directly from your Child Benefit. You will also build savings as you repay.


    Christmas Loans Deadline – This year’s deadline has now passed. You can still apply, but your application may not be processed until after Christmas. Click here for more info.

    London Mutual Credit Union is fantastic, staff are welcoming and service is efficient and quick. Thank you credit union for making Christmas special for my young ones 👍👍


    Had excellent service from start to end with my loan application many thanks and I wish the loan team an amazing Christmas and a prosperous new year keep giving excellent service.

    Julie Marie J

    I didnt expect to be helped so quickly and efficiently. Thank you all so much for your understanding that not everyone is savvy doing things on their phones.
    Thank you also for your patience in dealing with my case..

    Rita Receptionist

    I was impressed by speedy responses. Beautiful follow up emails made me feel this Credit Union truly appreciated having me as a member- that I was important to them. Thanks LMCU, God bless you..

    Isolyn Retired

    Having never applied for a loan before, I was anxious doing this for the first time particularly as this was for a significant sum. The team at LMCU have been fantastic, putting my mind at ease from the start and keeping me updated daily (Monday to Friday) on the status of my application.

    Luke Royal Navy

    A very easy step by step process to follow. I would highly recommend to anyone looking for a brilliant loan with very low interest rates.

    Danny Royal Air Force

    Apply for a Christmas loan

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    Monthly repayment:
    • Borrowing:
    • Over:  Months
    • Representative:  APR
    • Total cost of this loan:
    • Total repayable:
    Apply for this loan

    All loans are subject to affordability checks and our Terms & Conditions. Loans are offered subject to status to members aged 18 or over. The rates displayed on this page are for illustrative purposes only, and the actual amount and interest payable will be indicated in the Loan Agreement provided when we offer you a loan.

    Got a question?

    If you’d like to know more about any of our loans, the application process, or any other aspect of our loans, our team are here to help.

    Apply by 10th December

    If we haven’t received your loan application by the end of the day on Friday 10th December, we may not be able to process and approve it in time for Christmas.

    The Credit Union difference

    No hidden fees

    We believe in being upfront about what your loan will cost. No ‘arrangement fees’, hidden costs or penalties for early repayment, just the agreed monthly payments.

    Low rates

    We don’t have shareholders and are not-for-profit. This means our rates are usually better than credit cards, overdrafts and high-cost online lenders.

    Build savings as you borrow

    Build savings by making an additional contribution of £5 or £10 on top of your monthly repayments, which will be available once your loan is fully paid off.

    Personalised service

    Your loan application will be looked at by our expert team, not a computer. This can take a few days, but it allows us to take everything into account.

    Flexible decisons

    You are more than a credit score. We will consider your application and take a range of factors into account, even if you are on a low income or your credit history isn’t perfect.

    Repayments from your salary

    If you work with one of our employer partners, we will arrange for repayments to be automatically deducted from your salary each month.

    About London Mutual Credit Union Loans



    What are Christmas loans used for?

    We know that for many of our members, Christmas can be an expensive time of year. When money is tight, it can feel like there is no other option but to turn to expensive credit cards, overdrafts or even online lenders.

    We think our members should be able to enjoy the festive season without worrying about money worries or falling into problems with debt.

    That’s why, this time of year, we work to make sure that if members need to borrow a bit extra, they know they can do it with us. As a credit union, our rates are fair, and usually lower than other types of lenders.  


    How much can I apply for?

    The amount we can offer you will depend on your individual situation. We consider things such as as your income, employment and your spending habits to decide whether the repayments are affordable to you. Sometimes, if we can’t offer you the full amount, we will be able to suggest a lower amount instead.

    The main thing to remember is that you are more likely to be accepted if you apply for what you need. You should choose a loan with repayments at a level that you can afford to repay.

    What is the cut-off date for Christmas loans?

    We know how important this time of year is. To make sure we have time to look at your application and to get the money to you in time for Christmas, please make sure you have applied before midnight on the 11th December.

    You can apply online or in branch. 


    How do I apply?

    To apply, you have the option of applying online or in person at one of our branches. The first step is our loan calculator on this page.

    Applying for a Christmas loan is just like our other loans – simply choose the type of loan that best fits your situation, and you’ll be able to choose the amount you need, and the amount of time you want to pay it back over. Then, click ‘apply’, and choose whether you’re a new or existing member. From that point, it’s the application form, which will take no more than 15 minutes to complete.

    If you’re having problems with the application form, or need any more information about the application process, get in touch.

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