Easily apply for a loan by downloading this form and sending it into us.

All PCU loans offer a competitive rate of interest lower than high street and payday lenders. Members can apply in person at any branch or telephone for an application form to be sent to your home address. Repayments can be flexible and there are no hidden charges or fees. All loans have non-contributory insurance, this gives members loan protection up to 80 years of age subject to conditions. These include; no medical pre-existing condition and there are no arrears on account. Our loan officers are trained to make all decision on PCU loans based on members’ affordability to repay.

PCU Shares Loan

Members can apply for a Shares Loan, where the first and second loans have an interest rate of 2% per month on the reducing balance, at 26.8% APR. Members who have had over three loans repaid with PCU are eligible for further loans charged at 1% per month on the reducing balance, at 12.68% APR.

Members regularly use PCU Shares Loans for summer holidays, weddings, home redecorations, sporting season tickets, spreading the cost of Christmas and car financing.

PCU Secured Loan

A Secured loan from PCU is underwritten by the savings a member has and can be issued on the same day (for example, £500 savings = £500 loan). Interest rates on these loans are between 12.68% and 26.8%.

Members can only withdraw shares/savings if the balance on them exceeds the loan balance. This option offers a quick release of cash while maintaining life savings and loan protection guarantees.

Just Borrow Loan

Anyone from a ‘G’ postcode can apply, regardless of previous CU membership status, for a loan of up to £600. Recipients of a Just Borrow Loan automatically become PCU members when their loan request is accepted. These loans will be subject to applicants passing a credit check and affordability assessment.

You can apply for a Just Borrow Loan here.

How to apply

It’s easy to apply for a loan.  You can get an application by visiting either of our offices, phoning and asking a staff member to post one out to you, or downloading the application here.  Simply fill in the application, and return it to one of our offices along with proof of your income and expenditure.  You will wait no more than 1 week for a decision on your loan (depending on volume of loan applications received).

Benefits of a loan with Pollok Credit Union

  • Highly competitive interest rates
  • Easy application process and speedy decision
  • Loan protection insurance at no extra cost
  • Flexible repayments – no extra charges for paying your loan off early
  • No hidden charges or fees
  • Several cheques can be issued and made payable to a third party if required.
  • Loan is paid directly into your bank account on the same day as you sign for the loan
  • As your loan decreases so does your interest repayments
  • You can repay your loan in person at the counter, by Direct Debit, Standing Order, Benefit Direct or PayPoint card.

Free Insurance

All members receive free loan protection up to 80 years of age.  In the event of death, loans are paid in full subject to our insurer’s 6 months pre-condition limitation (excludes arrears – conditions apply).

Online loan applications


Download a PCU Loan Application Form (proof of income and expenditure is required as detailed in the loan form)

Further information – please contact us at one of our offices for additional information.

Open Banking Privacy Policy

As a forward thinking lender, we support the use of Open Banking as it allows us to process loan applications efficiently, securely and in our consumer’s best interests. Download our open banking privacy policy here for more information.