Savings & Loans straight from your pay
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.
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 Rates may be withdrawn at any time.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 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
Notice: This is a representative example. Available via payroll deduction only. Proof of debt required. Any debt will be paid of directly to the third party by us. The rate we will offer you is based on your loan requirements and individual circumstances. Please apply to find out if we can help you get debt free quicker.
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:
New Car? What you need to know before you buy or borrow.
Is it time to upgrade your run-around to something altogether more eye-catching, economical, and reliable? Car finance is designed to help you spread the cost of car ownership with a…