Why choose our Personal Loan?
- No Hidden Fees – No arrangement charges or repayment penalties.
- Quick access – Apply online or via our app anytime.
- Simple Terms – Borrow up to four times your savings for loans up to £1,000. For loans above £1,000, you’ll need at least £250 in savings.
- Flexible Repayments – spread repayments over 5 years.
All loans are subject to status and standard lending criteria.
Interest rates
- £5,000-£10,000: 1% per month (APR 12.7%)
- £1,000–£4,999: 2% per month (APR 26.8%)
- up to £999: 3% per month (APR 42.6%)
Representative example
- Borrow £5,000 at 12.7% APR
- Repay over 36 months
- Monthly payment: £167.00 (final payment £127.01)
- Total paid back: £5,972.01
- Total interest payable: £972.01
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.
