Rating based on 71 reviews

The Co-operative Bank

Updated
  • Student loans up to £10,000
  • Low-interest starting from 9.9%
  • Repayment up to 60 months

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The Co-operative Bank homepage
Author The Co-operative Bank. Screenshot of The Co-operative Bank website.
[Accessed September 8, 2021]

About The Co-operative Bank

Get a student loan from a bank with strong ethics.

The Co-operative Bank has been the original ethical bank since it was founded in 1872. Valuing their customer's opinions, they built their Ethical Policy around what their customers think and need. That's what puts them in a different class from the rest. These ethical values are applied to their student loans as well.

A student loan from a bank that cares

There are many big things that The Co-operative Bank associates themselves with other than banking. Making a change is a big deal for them and they are actively involved with Amnesty International UK, Refuge, and Centrepoint. They continuously strive to treat their customers with fairness and honesty and do more than their part to support their local communities.

There is always help with a student loan

Often unexpected things happen. Sometimes this is out of your control and the team at The Co-operative Bank is always there to lighten the load. They offer help in many different areas including student loans.

They will be there with advice on managing your money stress better as well as help you with payment arrangements should you need it. Something that they also take into account is the major events that take place in your life. May it be divorce, illness, or bereavement, they care and they are there for you through it all. 

A bank that values women in business

The Co-operative Bank has made it its mission to recognize women in business. They have tirelessly strived for gender balance across their company. With a continuing commitment to improving the gender balance, they have successfully reached their goals in the matter. However, they have recommitted to better their current target.

The Co-operative Bank Services

The Co-operative Bank gives you the student loan that suits your specific needs.

They offer their customers competitive rates from a wide variety of lenders. With some banks, there is a waiting period for reviewing the application. With The Co-operative Bank, you get your student loan decision in minutes.

Choose your student loan wisely

When it’s a student loan you are looking for, you have come to the right place. They let you choose which student loan suits you best.

You will have to do a quick and easy application that will give them a clearer picture of what you have in mind. After this, they will complete a soft credit check, guaranteed not to affect your current credit score. This is the part where you can take your time deciding which student loan option suits you best.

A student loan from The Co-operative Bank

Knowing that The Co-operative Bank is a trusted partner in the business, there is no need for convincing. They promise to assist people honestly and with complete transparency. By getting a student loan from them you always know that they are in it for the long run. With their strong Ethics Policy, you know that fairness and equality are at the order of every student loan they approve.

Student accounts designed to help

Being the original ethical bank that they are, there is no surprise that they have an account specially designed for students.

At The Co-operative Bank, they offer you an interest-free overdraft that is upgradeable each year. This account gives you the peace of mind that you can pay off your overdraft without any interest, one year after you graduate.

The Co-operative Bank – Student loan

  • Loan Type Student loans
  • Interest Rate from 9.9%
  • Loan Amount up to £10,000
  • Repayment 12 months to 60 months

Benefits of The Co-operative Bank

  • No payments due while you study
  • Loan term ranges from 12 to 60 months
  • No interest while you study
  • No setup or additional fees

Student loan calculator

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The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

Professional and career development student loans from the Co-operative Bank

When applying for a student loan, the last thing you want to do is find a branch and stand in a long queue.

The Co-operative Bank knows what an inconvenience that is and has made the application process super-easy. In the comfort of your own home, you can complete the application and have an answer in no time at all.

Eligibility for a student loan

  • You need to be a permanent resident of the UK.
  • You need to meet the required age of 18 or older.
  • Do you earn a gross income of £10,000 per month?

If you meet these three requirements you are now ready to start your student loan application process. For the financial side of the student loan, you will be directed to the Freedom Finance page.

The student loan application breakdown

  • Information on your student loan like

         – How much you would like to borrow.
         – How long you would like to borrow it for.

  • Information regarding your income like

         – Where you are employed.
         – What your income is.
         –Your employer's name and address.

  • Information about you

         – Your full names.
         – Your date of birth.
         – Your current address.

What happens after the application 

You have completed your online student loan application and you will have an answer shortly. Once they let you know, you will sign the contract online and the funds will be available in the next 24 hours. And that is it, no-fuss and easy as pie.

The best student loan provider in the UK

There is no question that some banks are full of criteria and offer very little reward for choosing them. The Co-operative Bank is different in many ways. They go above and beyond to treat their customers fairly and equally. Getting a student loan from them might just change your life for the good.

Benefits of The Co-operative Bank student loan

  • You get loan decisions in minutes.
  • You can get an online quote without affecting your credit score.
  • You choose the repayment terms that suit you.
  • Impeccable service and advice.
  • A fast-working team you can rely on.
  • Access to the student loan funds in less than 24 hours.
man holding thumbs up

The Co-operative Bank is a trusted & reliable provider of student loans

In our review, The Co-operative Bank adheres to the compliance criteria in accordance with the Financial Conduct Authority, where the granting the loan will not cause financial distress to the consumer.

The Co-operative Bank is a registered credit provider in UK: FSA 662079

Customer Reviews & Testimonials

August 2021

When a friend told me about The Co-operative Bank I went and did some research. I was very pleased to see what they stand for and how much they do in their communities. I got a student loan from ...

William A
— Leeds —

August 2021

Finally, I found a bank that understood my needs. The Co-operative Bank had the perfect student loan for me and with all the benefits I was impressed. They live up to the promises they make. You ...

Harry J
— Belfast —

September 2021

I was so stressed about financing my studies as I was turned down by a few banks already. A friend told me about The Co-operative Bank and much to my delight I got the student loan I needed.

Sarah J
— Glasgow —

The Co-operative Bank Contact

Contact Number

E-Mail

  • not available

Website

Physical Address

Opening Hours

  • Monday 09:00 – 17:00
  • Tuesday 09:00 – 17:00
  • Wednesday 09:00 – 17:00
  • Thursday 09:00 – 17:00
  • Friday 09:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed