Fresh start for 2024 – Consolidation Loan from No1 Copperpot

Our Consolidation Loan allows members to consolidate their debts up to £25,000, over a maximum term of 96 months. It may be something you want to consider if you’re currently repaying high interest debts such as credit cards, overdrafts or other forms of finance.

Please note: Please ensure you have read the key product information and the Consolidation Loan’s Terms and Conditions before making an application.

Debt consolidation is the process of combining your existing debts into a single loan. This can be done by applying for a new loan and using the funds to repay and close other financial accounts (e.g. credit cards, credit agreements, loans etc). The process of consolidating debt means that you are charged one interest rate, have one monthly repayment, and hopefully have more disposable income.

Why do members consolidate theirs debts with us?

Benefits of consolidating with us

  • Repay through payroll deduction*.
  • Loan decisions are based on your affordability and our lending criteria, not your credit score alone.
  • Clear and fixed interest rates.
  • No early repayment or overpayment fees.
  • Life Protection is included up until your 70th birthday (T&Cs apply).


Be aware

Care should be taken when consolidating debt. It may increase your total amount payable, or the period, over which it is to be paid. If you are unsure of what to do, please seek independent financial advice.

We offer clear interest rates on all of our loans. Every member is charged the advertised rate if accepted, regardless of their credit score. If you are considering consolidating, our debt calculator tool could help you see if it’s right for you as it allows you to have an overview of your current debt and view the average APR you are paying.

You can use our loan calculator to find out what your repayments would be before you apply. Above is an example of what the monthly repayments could be with our Consolidation Loan.




*Available in most UK Police forces.

All loans are subject to affordability and our lending criteria.

This loan is not a regulated consumer credit product. This does not affect your Financial Ombudsman rights.

Number One Police Credit Union Limited trading as No1 CopperPot Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Reference Number (FRN) 213301. 

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