Select Loan

Tailored lending for where you are now

For members with
excellent credit history

Apply Now

Maximum loan term – 7 years

Special Interest Rate
6.4% Fixed APR

Tailored lending for where you are now

If you have an excellent credit history and are looking to borrow for any purpose, our new Select Loan could be just what you need. Designed for members with strong credit records, the Select Loan offers low, fixed-rate borrowing with no hidden fees or confusing small print.

Whether you’re looking to fund home improvements, consolidate borrowing, or make a big purchase, the Select Loan gives you flexibility and control.
As a credit union, we’re owned by our members, not shareholders or banks. That’s how we can offer a low interest credit union loan with a genuinely fixed rate, not a rate that creeps up later.

Select Loan at a glance
  • Borrow between £10,000 – £25,000, subject to affordability
  • Fixed interest rate of 6.4% APR
  • Repay over up to 84 months (7 years)
  • Save as you borrow, so you’ll have a lump sum when you’ve repaid your loan
  • A credit union loan built for members with strong credit
  • Easy to apply, with options for everyone

Benefits of a Select Loan
  • Lower APR rate for excellent credit
  • No application fees or hidden charges
  • No penalties for early repayments, so repay early & you’ll save interest
  • Affordable loan repayments through payroll deduction, or alternatively by direct debit
  • Convenient weekly, 2-weekly, 4-weekly or monthly repayment, tailored to suit your budget
  • Save as you borrow, so you’ll have a lump sum when you’ve repaid your loan
  • Savings continue to attract dividend payments* whilst repaying your loan

*Dividends are not guaranteed. The rate payable is dependent on financial performance and voted on by members at the Annual General Meeting.

Check If You’re Eligible

Voyager Alliance is the easy way to save, and borrow when you need to, straight from your pay. Voyager Alliance Credit Union is a financial co-operative which provides savings, loans and a range of financial services to its members. Our members are our customers and shareholders and are at the heart of everything we do. Members have something in common with one another. This is known as the credit union’s ‘common bond’ and determines who can join a credit union.

Check if you’re eligible.

Things you should know
  • The Select Loan is available to members with an excellent credit history, a stable income, and no recent defaults or missed payments.
  • The Select Loan is not available to members who are bankrupt or have an Individual Voluntary Arrangement (IVA) that shows on their credit report.
  • This loan product may not be used to refinance or transfer any existing loan held with PPCU.
  • You must save a minimum of £2/week or £10/month as you borrow, so you’ll have a lump sum saved when you’ve repaid your loan. This minimum saving amount will be held in your ‘Membership Account’ and cannot be withdrawn until your loan is cleared.
  • Members may only hold 1 Voyager Alliance loan at any time
  • Other terms and conditions may apply.

Loan Calculator

Use our loan calculator to see how much you could borrow and how much you would pay back.

Loan Calculator

Loan FAQs

For help and guidance on applying for a Voyager Alliance loan and everything you need to know to guide you through the application process.

Voyager Alliance Loan FAQs

Representative Examples

Weekly repayments

Borrowing £10,000 over 156 weeks (3 years) will cost £70.50 a week.
The total amount repayable is £10,998.00, which includes interest at 6.4% APR (fixed).

Monthly repayments

Borrowing £10,000 over 36 months (3 years) will cost £305.50 a month.
The total amount repayable is £10,998.00, which includes interest at 6.4% APR (fixed).