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). APR for these loans is 12.68%.

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.

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Loan Calculator

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APR 11.00%

APR 11.00%

Repayment Summary*:

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Interest

Fortnightly

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Interest

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Interest

∗Terms & Conditions Apply. All figures given on this website are for your general information only, and give a rough guide to loan repayments. Any statements on this website do not purport to be authorative or legally binding. You are advised to check with our offices for up-to-date rates and offers.

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Loan Enquiry

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What we require from you
1

Outgoings

  • 2 months bank statements (most recent)
  • Credit card statement (if applicable)
2

Proof of Income

  • Employed - 2 recent pay-slips (comes under bank statements)
  • Self-employed - Most recent set of accounts and latest tax returns OR Notice of self-assessment
  • Retired – Proof of all pensions/bank statements
3

Identification

  • Photo ID - Passport or Driving License
  • Proof of Address - Current utility bill or bank statement (within 3 months)
  • or Proof of Address - Government issued documentation relating to tax or benefits (within 3 months)
Lending criteria

Credit Check (if necessary)

  • Sometimes we may perform a credit check on you, if we need more information before granting a loan. This may be the case for larger loans and promotional loans in particular.

Ability to Repay

  • All loans are subject to affordability.

Free Loan Protection Insurance*

  • *Provided by the credit union to all members.
How to apply

How To Apply

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 vary.

Become a Member Apply Online
Online Banking Log In Register

Please note: if you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.

If you would like more information on applying for a loan with PCU please contact us today.

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