Police Education Loan

For our police education loans, you can apply for £1,000 up to £8,000.

Our police education loans are provided at a fixed rate of 5.9% APR.

You can choose to a repayment period from 12 months up to a maximum of 60 months.

Yes, you can repay your loan in full or pay off lump sums at anytime without any repayment penalties.

To qualify you would need to be a serving police officer and will need to provide evidence that you have been accepted onto a degree programme for further education or studies. If successful with your loan application, any funds issued would need to be used for the course in question.

You have a higher chance of being approved for a Top Up Loan if:

• You are 18 years old or older
• You have a regular source of income

On the other hand, your chances of approval are lower if:

• You cannot provide proof of a regular source of income
• You cannot afford the loan repayments for the requested amount
• You have credit in arrears, defaults, or an outstanding CCJ
• You have previously defaulted on a loan with us

We will evaluate your personal circumstances before making a decision on whether to offer you a loan. We apologise, but we are unable to offer a loan if you are insolvent at the time of application or have been discharged from insolvency within the last 12 months.

Please note that meeting these criteria does not guarantee acceptance.

Simply fill out the application form at the bottom of this page, and one of our friendly team members will get in touch with you to chat about what comes next. 

Our policy is to conduct a credit search for every loan application. This helps us ensure responsible lending and safeguard the interests of our valued members who save with us. However, please note that the approval decision is not based solely on your credit score. We carefully assess loan applications by considering factors such as income, expenses, debt level, and repayment capability.

APR stands for Annual Percentage Rate, which refers to the overall cost of borrowing a loan. It includes the interest rate and any related fees. By using APR, you can easily compare different options and find the best deal for your needs.

We recommend looking beyond the headline interest rate advertised by other lenders. Instead, take a closer look at how much you’ll actually pay per month for the amount you want to borrow. This way, you can make a more informed decision.