The AA is the UK’s largest motoring organisation with over 15 million members and a history going back to 1905. Alongside breakdown cover, the AA provides personal loans through AA Financial Services, offering straightforward online applications with instant decisions in most cases.
AA Loan Deals for Police Officers
The current deals and savings available to the police community on AA Loans are shown in the offer boxes above. New AA Loans customers receive 12 months of basic AA Breakdown Cover included at no extra cost as part of the loan package — a meaningful addition for officers who do not already have breakdown cover in place.
Existing AA Members who take out a loan can add National Recovery, At Home or Onward Travel cover for the remainder of their current membership year as an upgrade rather than the basic package.
What the AA Loan Covers
AA personal loans are available for a range of purposes — home improvements, vehicle purchases, holiday costs, debt consolidation and general personal use. The loan is unsecured, meaning no asset is required as security against the borrowing.
Online applications receive an instant decision in the majority of cases. The application process is straightforward and there is no obligation attached to completing the initial quote and application stage.
Understanding APR on Personal Loans
The Annual Percentage Rate (APR) is the standardised way of expressing the total annual cost of a loan, covering the interest rate and any applicable fees. When comparing personal loans across different providers, the APR is the most useful single figure for like-for-like comparison.
The representative APR shown in advertising is the rate offered to at least 51% of successful applicants. The rate offered to any individual applicant may differ based on the amount borrowed, the loan term chosen and personal credit circumstances. Officers with a strong and consistent credit history typically attract the most competitive available rates.
AA Financial Services Regulation
AA Financial Services Limited is authorised and regulated by the Financial Conduct Authority. Loans are provided through Bank of Ireland (UK) plc, which is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority.
More Financial Deals for the Police Community
Officers looking at savings and loans from an organisation exclusively for the police family should review the No1 CopperPot Credit Union page, which covers savings accounts, loans and mortgages at member-focused rates. For breakdown cover as a standalone product, the AA Breakdown police discount page covers current offers on roadside and national recovery plans. Officers buying a new car alongside a personal loan will find the Affinity4U vehicle discount page covers factory-order pricing for the police community.
The interest rate offered on assessment may differ and the representative APR may not be the rate received. The rate offered will depend on the amount borrowed, the chosen term and personal circumstances including credit rating.
