Silver Reward Loan

No savings, no problem!

For members with
1 or more years’ Royal Mail Service
or Penny Post membership

Borrow up to £8,000
(£50 savings required)

Apply to Top Up online

or if preferred

by using our Nivo App on your mobile

Special Reward interest rate 17% p.a. (18.7% APR)

Silver Reward Loan at a glance –

Borrow between £1,000 and £8,000
Special reward interest rate of just 17% p.a. (18.7% APR) – that’s 25% off our usual Silver loan rate, and below most high street credit card rates!
Maximum loan term 6 years
Savings are not linked to a Silver Reward Loan and may be withdrawn at any time

Normal Silver Loan terms & conditions apply – click here for full details.

Representative Examples

Weekly repayments

Borrowing £1,500 over 122 weeks will cost £15 a week. Total amount repayable is £1810.92 which includes interest at 18.7% APR.

Monthly repayments

Borrowing £7,500 over 40 months will cost £250 a month. Total amount repayable is £9648.23 which includes interest at 18.7% APR.

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Penny Post Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Reg No. FRN213680

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