Savings & Loans straight from your pay

Credit Union services for serving Armed Forces personnel, Veterans & their families.

Who we are

First Defence Finance is a not-for-profit financial co-operative, which means we are owned and run by our members. We offer fair and affordable savings accounts and loans for serving members of the Armed Forces, veterans and their families.

With loans available from £500 – £25,000, we can help with your latest financial goal. Calculate the amount you wish to borrow and how much the repayment would be today.

Debt Consolidation
Vehicle Purchase
Personal Loan
I'd like to borrow

Monthly repayments

Total Repayable


Please be aware that this is not a loan offer and the figures quoted in this document are based on our lowest rate which may differ from the actual APR you qualify for after we have conducted a credit search. As a result, this should only be used as an indicative illustration.

Representative rate 12.7% APR.

The calculator is for illustration purposes only. Rates may be withdrawn at any time. We reserve the right to refuse any application.

Proudly serving those who serve

Serving members

Serving members of the Royal Navy, British Army or Royal Air Force


Veterans who have served in the Army, Navy, RAF or special forces reserves


Members of the Army, Navy, RAF or special forces reserves

Debt Consolidation Calculator

Type of debt
Balance Outstanding
Monthly Repayment
Total Existing Debt
Current Monthly Repayment
I'd like to clear my debt in

How we’re different

Taking the stress out of managing your money with deductions from your payroll so you won’t miss it

Dedicated savings accounts with an annual dividend (1% paid in 2019/2020 Financial Year)

Loans up to £25,000 above savings from 3.4% APR

Free Life Cover on savings and Free Loan Protection

Not-for-Profit Ethical Alternative to banks and payday lenders

Let's Talk Money

Manage your finances better with our latest money tips:

22 days ago / 3 min read

Is a debt consolidation loan right for you?

As the UK continues to struggle with the ongoing cost-of-living crisis, some institutions are advising Brits to seek financial help. With many people now considering a debt consolidation loan, the…

Become a member and start saving today!

We put this in practice by providing you with fair rates of borrowing, flexible savings accounts to kickstart that habit and financial education as a means of giving you the tools to manage your finances more effectively.