Member News: Borrow Better this Christmas With Tail O’The Bank Credit Union

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Member News: Borrow Better this Christmas With Tail O’The Bank Credit Union

TOTBCU CEO Beth Walsh with Inverclyde MP, Ronnie Cowan

It’s Christmas… the most wonderful time of the year, but also a time that strikes fear into many people’s bank balances.

Over the years the cost of Christmas has increased, with the average cost now being £740 for the British household.

Everyone is full of the best intentions at the start of the year to gradually save each month, but so often life gets in the way.

If you are in that position don’t panic, are affordable, flexible and ethical loans can help.

Based on a loan of £1000 repaid over a period of 12 months:

Tail O’the Bank Credit Union   Bank of Scotland


Loan Amount

£1000 £1000 £1000

Monthly Repayment

£91.02 £95.98


Total Amount Repayable

£1,092.24 £1,139.76


Interest Payable £91.18 £139.76


APR 17.9% 27.9%


Tail O’ The Bank Credit Union’s (TOTBCU) loan interest is calculated on a reducing balance, so you are charged interest on what you owe and not what you borrow, and that’s part of the credit union difference.

TOTBCU also offers flexible terms so you can reduce the terms with no administration fees, and pay even less interest.

You can apply in branch or online today for a loan and make the affordable and ethical choice this Christmas, with our fair festive.

To ensure that your loan is processed with time left to shop, please submit your application in branch or online by 3pm on Monday 20th December.

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