Key Worker Loans

Special loan rates to key workers

As a thank you to our key workers, we are offering special loan rates to key workers applying for loans from New Central Credit Union.

The special rates are:

Loan Value APR
Loans up £2000 26.8%
Loans between 2001 – £3000 19.6%

These special rates are only available to Key workers applying for loans who repay their loans directly from their salary or via standing order.

Benefits include:

  • A reduced loan rate between 19.6% and 26.8%
  • Loans up to £3,000
  • Repay over a maximum of 3 years
  • No set up fees or early repayment charges
  • Straightforward online application.

So, if your car or bike needs repairing or you need to buy a travel pass for the season, or perhaps you need specific supplies, we’ll do what we can to keep you in your job fighting this outbreak.

Loan applications are subject to affordability and credit reference checks. You can apply if:

  • You are currently still in employment as a key worker listed on the Government website.
  • You live or work in Coventry or Warwickshire
  • You can upload or email a picture of a recent wage slip or your work ID

Existing members who meet the criteria and are still at work can also apply for an additional stand-alone loan rather than a loan top-up. Our decision to lend will be based on affordability. If you require more than £3000 you can still apply for one of our standard member loans.

This product is available for a limited period only. New Central Credit Union reserve the right to remove this product at any time.

Click Here to Apply