Christmas at Clockwise

We know the cost of Christmas can mount up. Presents, a new tree, plus food, it all adds up! Your local Credit Union is here to help where we can.

Borrowing at Christmas

Christmas is a time for giving and celebrating with family, but it’s important to remember that you don’t need to spend a lot of money to enjoy it. It can be tempting to buy lots of presents, decorations, and food, but spending more than you can afford can lead to debt. It’s always best to plan ahead and stick to a budget, so you can enjoy Christmas without worrying about money later.

If you do need to borrow money for unexpected bills at this time of year, make sure you stay away from loan sharks and high-cost lenders, as they can charge very high interest rates. Instead, consider borrowing from Clockwse Credit Union. Credit Unions offer fair loans with lower interest rates, which means you’ll pay less back over time. This way, you can cover your Christmas expenses without getting into financial trouble.

Apply for a Personal Loan

✅ All Credit Histories Considered
✅ Quick Decisions
✅ Repayments To Suit You
✅ No Application Fees
✅ No Early Repayment Charges
✅ Benefit Incomes Accepted

Become a Member & Apply

The interest rate depends on the amount you borrow from Clockwise

From £50 to £2,999 at 42.6% APR*
From £3,000 to £10,000 at a representative APR of 26.8%

Loan Repayment Example

You can borrow from £50 to £2,999 at 42.6% APR

A loan of £500 paid back over 12 months would mean a
monthly repayment of £50.24 and total repayable £602.82

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You can borrow from £3,000 to £10,000 at a representative APR of 26.8%. Depending on your circumstances, the APR will range between 29.3% to 16.1%

A loan of £3000 paid back over 24 months at 26.8% APR would mean a monthly repayment of £158.58 and total repayable £3806.02

There are no application fees or early repayment fees.

Apply for a Family Loan

✅ Specially designed for families
✅ You'll need to transfer your child benefit to your Clockwise Credit Union account to repay your loan
✅ You must open a savings account and save at least £1 per week
✅ Quick Decisions & Payment
✅ Repayments To Suit You
✅ No Application Fees
✅ No Early Repayment Charges

Become a Member & Apply

Loan Repayment Example

You can borrow up to £500 at 42.6% APR

A loan of £500 paid back over 12 months would mean a monthly repayment of £50.24 and total repayable £602.82

There are no application fees or early repayment fees. You will need to also save a minimum of £1 per week in a Clockwise savings account for the length of the loan. Over 12 months you would have £52 in savings.

Fast decisions

We’ll aim to give you an instant decision or we’ll let you know within 1 working day and put the money into your account the same day!

Your circumstances considered

Fair and affordable credit. We consider all circumstances.

Flexible repayments

Repay weekly, fortnightly or monthly by debit card, standing order or from your benefits. No fee if you need to change.

Christmas Opening Hours

	Leicester	Rugby
24th Dec (Christmas Eve)	Branch: Closed / Phone: 9:30 - 13:00	Branch: 10:00 - 13:00 / Phone: 9:30 - 13:00
25th Dec (Christmas Day)	Branch: Closed / Phone: Closed	Branch: Closed / Phone: Closed
26th Dec	Branch: Closed / Phone: Closed	Branch: Closed / Phone: Closed
27th Dec	Branch: 10:00 - 14:00 / Phone: 9:30 - 16:00	Branch: Closed / Phone: 9:30 - 16:00
28th Dec	Branch: Closed / Phone: Closed	Branch: Closed / Phone: Closed
29th Dec	Branch: Closed / Phone: Closed	Branch: Closed / Phone: Closed
30th Dec	Branch: 10:00 - 14:00 / Phone: 9:30 - 16:00	Branch: Closed / Phone: 9:30 - 16:00
31st Dec (New Years Eve)	Branch: Closed / Phone: 9:30 - 13:00	Branch: 10:00 - 13:00 / Phone: 9:30 - 13:00
1st Jan (New Years Day)	Branch: Closed / Phone: Closed	Branch: Closed / Phone: Closed
2nd Jan	Branch: Closed / Phone: 9:30 - 16:00	Branch: 10:00 - 15:00 / Phone: 9:30 - 16:00
3rd Jan	Branch: 10:00 - 14:00 / Phone: 9:30 - 16:00	Branch: Closed / Phone: 9:30 - 16:00

Saving Money at Christmas:

How to make a full Christmas dinner for less than £15

Christmas is looming on the horizon, and this means many of us will be getting prepared for the festive period, and trying to prepare for all the obligations and costs that come with it. One of the biggest challenges modern households face is the expense that is related to Christmas, and one of the key aspects of the day that we all want to make sure is just right is Christmas dinner.

How to do Christmas on a budget in 2024

There’s a lot to pay for during the holiday period, from gifts to outfits to ingredients for the perfect roast dinner. As such, it is hardly surprising that “3 million people across the UK feel financial pressures make Christmas less enjoyable,” a figure that will likely rise in 2024 amid the cost of living crisis.

However, there are plenty of ways in which you can do Christmas on a budget – while still having plenty of fun!

Christmas on a budget: 40 simple tips for a cheaper Christmas

If you’re planning a cheaper Christmas this year and are looking for ways to cut your spending, our guide can help. It’s packed with 40 simple tips to help you get organised, shop smarter and manage Christmas on a budget.

How planning Christmas early pays off

Yes, we know that Christmas isn’t about presents and giving, it’s about family and being with the people we love, but most people enjoy the giving (and receiving!) of presents too. Planning the money you have to spend is important if you are a) not going to overspend and b) have enough for what you need. If you saved a little each week after last Christmas, you might have a pot saved up.

	Instant Access	Cash ISA	Gold Saver	JISA	Current Account	Prize Saver
Overview	Easy access to your money	Tax free interest	90 Day Notice Account	Savings for a child	Everyday Spending	Win up to £5000
Often Used For	General Savings	Long Term Savings	Saving medium term for a specific goal	Putting money away for a child's future	Day to day spending, cash withdrawals, direct debits	Under £200 of savings
AER	0.8%	4.5%	3.03%	4.5%	0%	0.8%
Access	Instant Access to your money	Instant Access to your money	90 Day Notice to Access Money	Child can access when they are over 18	Instant Access to your money	Instant Access to your money
Interest Paid	Yearly	Yearly	Quarterly	Yearly	N/A	Yearly
Yearly Limit	No limit*	£20,000*	No limit*	£9000*	No limit*	£200
Who Can Apply?	Clockwise Members Aged 18 or over	Clockwise Members Aged 18 or over	Clockwise Members Aged 18 or over	Clockwise Members Aged 18 or over - for a child under 18	Clockwise Members Aged 18 or over	Clockwise Members Aged 18 or over
More Info & Apply

Money Reinvested into the Community

Clockwise operates a Community Grant Scheme that awards local groups and individuals grants for a whole range of items that ultimately benefit the community the group and individual works to serve.

1000 +

Clockwise Members

People before Profits

Our Credit Union’s mission is to be responsible and caring, not just focused on making money. We want to show something special called the “credit union difference.” This means we will be fair, honest, and creative in how we offer financial products and services to our members

Why would I use a Credit Union over a Bank, or a Payday lender?

Credit unions can consider all loan applications from people in our communities, regardless of background, including those who are in receipt of benefits. A credit Union is also a not-for-profit organisation, our focus is improving the financial wellbeing of our members and helping the local community.

BANK

Run as a business
Often large multi-national
Prefer ‘low-risk’ borrowers
Low-interest rates
International
Safe
FCA Regulated

PAYDAY LENDERS

CREDIT UNIONS

Not for Profit organisation
Money is reinvested into the local community
Interest legally limited to no more than 3% each month – that’s 42.6% APR
Poor credit considered
No hidden costs
Local
Small & Personal
Safe
FCA Regulated