New members of Brecon & District Credit Union are eligible to apply for an Emergency Loan of up to 500 with a rate of 42.6% APR representative.

We encourage all members to make regular deposits of any amount into our savings account. Members with savings with Brecon & District Credit Union are eligible to apply for a Saver Loan up to three times the amount of savings they hold, with a rate of 26.8% APR representative.

Members who join through our Payroll Deduction Scheme are eligible to apply for loans of up to 5000 at a preferential rate of 9.9% APR representative.

Unlike many loan providers, we only charge interest on the reducing balance. This means that borrowing from us is often cheaper than loans from banks, doorstop and payday lenders. Click here for examples.

The interest generated from loans is used to cover our running costs, with any surplus returned to members as a dividend.
Why borrow with the Credit Union? Our interest rates Calculate your repayments
How do I apply? Factsheet Money worries?