Your loan details have been captured and will be submitted with your enquiry.
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.
Is a Secured Loan right for me?
• PCU secured loan products are linked to shares.
• A secured loan application will be completed on the day. This can be done in person or through our member portal. In person applications require photographic identification.
• Secured loans will not be subject to a credit search. Secured loans are secured against your shares/savings held in PCU.
• Members who borrow secured loans can ask for their loan to be excluded.
More information is available on our download page.
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.
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.
Contact Us