Winter Loans
Exclusive offer for the military:
Borrow £3,000 to £10,000 at a fixed rate of 9.9% APR when you apply for a Personal Loan before January 31st, and repay automatically from your military salary.
Key Features
- Borrow from £3,000 to £10,000
- Rates fixed at 9.9% APR
- No hidden fees or charges
- Repay from your pay
- Online account management
- Save money as you borrow
- FREE Loan Protection up to £10,000
- Plus, HUGE Lifestyle Discounts
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 winter loan?
Personal loans are available to serving Armed Forces personnel, veterans, and their families.
You must also be a member of First Defence Finance or Plane Saver Credit Union to apply.
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 Winter Loan offer, you can request to borrow from £3,000 all the way up to £10,000.
How do I apply for a winter loan?
Become a MemberMembers 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.
Can I repay my loan via payroll deduction?
Yes! If you are currently a serving member of the Armed Forces 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.
We can also set up repayments by Direct Debit for any Veterans or Family members who do not work for an employer partner.
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.
Are there any hidden fees or charges?
If you apply to borrow from us directly, there are no fees.
All loans are transparent and fair, with clear terms and no hidden charges.
Before you sign your agreement, we highly recommend that you read the terms carefully and contact us with any questions you might have.
Will applying for a winter loan affect my credit score?
Our loans are assessed based on affordability, not just credit history. While a credit check is a necessary part of the process, we aim to support members without negatively impacting their credit unnecessarily.
It is important to know that when you apply for credit (with any provider), a 'hard search' will likely appear on your credit file.
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.
Repaying Loans 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 employer 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!
Who Can Join?
- Anyone currently employed by the Ministry of Defence, British Army, Royal Navy or the Royal Airforce.
- British Military Veterans.
- Family members living in the same household as the above.
Terms and Conditions Apply. Credit is subject to status. Plane Saver Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Ref: 213609. Over 18s only. Members must be making deposits via MOD payroll or pensions to be eligible for this promotion. New members are also welcome to apply. For full details of this loan promotion, including promotional Terms & Conditions, please click below. If you have applied for a loan with us in the last 90 days, please contact us before applying. Representative Example: Loan Amount: £5,00, APR: 11.9% fixed, Term: 36 months, Monthly Repayment: £169.19, Total Amount Payable: £6,089.00. This example assumes a fixed APR for the full loan term and does not include the optional early-bird deferral. If you choose to defer your first repayment until January 2026, interest will accrue during the deferral period, increasing the total amount of interest payable. Actual monthly repayments may vary. If you have an existing Plane Saver loan, the promotional rate will be combined with your current rate, which will be confirmed by our lending team and in your loan agreement. Members must read the loan agreement in full before signing. Responsible Borrowing: Plane Saver encourages all members to borrow within their means. Consider your full financial situation, including the effect of any interest accrual during repayment deferrals, before applying.
