Interest Free School Uniform Loan – Terms and Conditions

18 June, 2024

Terms and Conditions for our Interest Free School Uniform Loan.

  • Our Interest Free Energy Loan launches on Tuesday 18th June and will be available until Monday 30th September. However, Newry Credit Union reserves the right to withdraw this product at any time.
  • The maximum loan amount is £500. This is interest free, and members must repay a minimum of £50 a month.
  • Only one loan per household.
  • You must have an associated juvenile account in Newry Credit Union to be eligible for the loan, and you must be the signing parent on the juvenile account.
  • The child on the juvenile account must be aged between 3 – 18 years old.
  • An assessment will be required if a member is more than 3 months in arrears.
  • The loan must be opened on a sub account if there is existing borrowing or an existing share account. Photographic ID and proof of address needs to be up to date on your account to open a sub account.
  • Members can have this loan alongside our Interest Free Energy Loan.