Summer Loan Offer

Borrow £3,000 to £10,000 with a fixed rate of 11.9% APR*

Exclusively for Armed Forces and MOD Employees.

Spread The Cost Of Summer Plans...


With repayments taken directly from your salary, you can borrow easily and affordably for any summer plan.


Borrow from £3,000 to £10,000 before the 31st of August and get an exclusive fixed rate of 11.9% APR*


*Terms and Conditions apply. Credit subject to status. Apply between 1st of July and 31st of August 2026 to access this rate.


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Why Borrow From Us?

No hidden fees or charges when you apply directly

Repayments taken automatically from your pay

FREE Loan Protection  up to £10,000

Access to 100's of exclusive Lifestyle Discounts

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11.9% Fixed Rate

In July & August

Repayments From

Your Salary

Free Loan Protection

Up to £10,000

Loans

Repay From Your Pay

When we approve a loan, we'll work with you to set a repayment amount and a monthly savings goal.


We'll then arrange for your payroll department to deduct this agreed amount from your after-tax salary.


Rest assured, your employer won't know whether the deduction is for a loan repayment or savings!

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or sign in to apply

FAQs

Here are some of the most common questions about our personal loans. If you need help or more information, you can call our team on 0208 066 3400 or you can use our contact form.

  • Who can apply for a summer loan?

    The Summer Loan offer is available to serving Armed Forces personnel and MOD employees.


    You must also be a member of First Defence Finance or Plane Saver Credit Union to apply.


    Veterans and MOD/Armed Forces family members can also apply for a personal loan however, rates may vary.

  • How much can I borrow?

    Loan amounts vary depending on your circumstances and affordability. Our aim is to provide fair and manageable loans tailored to your needs.


    For the Summer Loan offer, you can request to borrow from £3,000 all the way up to £10,000.


    If you need to borrow less than £3,000 or more than £10,000, you can still request a loan but different rates may apply.

  • How do I apply for a summer loan?

    Members can apply online or via the mobile app quickly and securely. 


    Just apply for a "Personal loan" via our app or on our website and, if approved, the offer will be applied automatically. 


    Our loan application process is simple, transparent, and designed with the Armed Forces community in mind.


    If you are not a member yet, you will need to Become a Member first.

    Become a Member
  • Can I repay my loan via payroll deduction?

    Yes! If you are currently a serving member of the Armed Forces, employed by the MOD, or, if your employer is a partner, repayments can be taken directly from your wages, making it easier to manage your loan alongside your regular savings.

  • How long does it take to get a decision?

    Once we receive your application, we aim to respond within one working day. We may request additional information, and we encourage you to provide it promptly so we can complete our assessment fairly and efficiently. This helps ensure you receive your funds as quickly as possible.

  • Can I pay off my loan early?

    Yes! Early repayment is allowed, which may reduce the total interest you pay. Terms will be outlined clearly in your loan agreement.

IMPORTANT INFORMATION

First Defence Finance is a trading name of Plane Saver Credit Union Ltd. This promotional campaign runs from 1st July to 31st August 2026 and may be withdrawn or amended at any time. Terms and Conditions Apply. Credit is subject to status, over 18s only. If you have applied for a loan with us in the last 90 days, please get in touch with us before applying again.​ Loan Protection is provided to all members free of charge - see terms and conditions HERE.


Eligibility

Applicants must:

  • Be aged 18 or over
  • Be a member of First Defence Finance or Plane Saver Credit Union Ltd
  • Be a current employee of the UK Ministry of Defence (MOD) - including the Armed Forces
  • Have an active payroll deduction in place (or agree to set one up)
  • Meet lending, affordability and credit assessment criteria

Loans and rates are not guaranteed and are subject to affordability, identity, credit and eligibility checks.​


Rates & Lending Decisions

Where a promotional rate applies, it will only be available to eligible applicants approved within the campaign period and who meet the relevant lending criteria. ​Final loan amounts, repayment terms, and interest rates will be confirmed in your Loan Agreement following full affordability and credit assessment. If you have an existing First Defence Finance or Plane Saver loan, any new lending may be combined with your existing agreement and will be assessed in line with our lending policy. Any resulting terms will be confirmed in your Loan Agreement.

​

Representative Example

Borrowing £5,000 over 36 months at 11.9% APR Representative would result in:

  • Monthly repayment: £165.83
  • Total amount repayable: £5,969.98
  • Total interest payable: £969.98

This example is for illustrative purposes only. Your actual loan amount, monthly repayment and total repayable will depend on your individual circumstances and will be confirmed in your Loan Agreement.

 

Responsible Borrowing

First Defence Finance encourages all members to borrow responsibly and within their means. Before applying, please consider your full financial situation, including existing commitments and affordability. Supporting documentation may be required during the application process. We encourage all applicants to carefully review their Loan Agreement before signing, as this will contain the final agreed terms. Loan Agreement terms always take precedence over any promotional information.