Benefits of borrowing with Bedfordshire Credit Union
- Flexible Options – Competitive rates, flexible repayment periods, and top-up loans available.
- Straightforward Loans – Clear terms, no jargon.
- Local Support – We’re here for our community.
- Personal Service – Speak directly with our friendly staff or volunteers.
- Fast Decisions – Get a quick response on your application.
Borrowing made simple
- Our annual membership fee is just £5.
- No Hidden Fees – No arrangement charges or surprise costs.
- No Early Repayment Penalties – Pay off your loan anytime without extra fees.
- Affordable Interest – Interest is calculated daily, so you only pay on what you owe.
- Build Savings – some loans require evidence of savings with BCU. Some require you to save while you borrow.
- One Loan at a Time – Keep borrowing simple and manageable.
- Top-Up Loans – Available once you’ve repaid a third of your current loan.
Required documents
- 3 months of bank statements or Open Banking.
- Payslips/Benefits information.
- Other documents may be required.
Eligibility
- You must be over 18.
- You must be a member of Bedfordshire Credit Union and have paid your initial deposit.
- You must meet the criteria of our common bond.
Examples
Borrow £500 for a new washing machine over 12 months.
Monthly payment: £51.00
Total paid back: £601.09
Total interest payable: £101.09
Borrow £3,000 for travel over 12 months.
Monthly payment: £284.00
Total paid back: £3,468.90
Total interest payable: £468.90
Borrow £9,000 for home improvements over 36 months.
Monthly payment: £300.00
Total paid back: £10,753.86
Total interest payable: £1,753.86
Explore…
Loan calculator
Work out what you can afford to borrow
Personal Loans
Up to £10k, for members with savings
Save as You Borrow Loans
Up to £3k, build savings while you borrow
Family Loans
Up to £1.5k, for those in receipt of Child Benefit
Housing Scheme Loans
For Housing Association tenants
How we make a loan decision
Explore the process of your loan application
