Telephone: 01874 620104
Please note, by clicking on one of the above links you will be
Brecon & District Credit Union is a not-
Brecon & District Credit Union
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority 213604
YOU CAN APPLY FOR A LOAN VIA THE MEMBER'S AREA SECTION
YOU WILL BE REQUIRED TO EMAIL YOUR LAST 3 MONTHS BANK STATEMENTS TO SUPPORT YOUR LOAN APPLICATION.
There are three types of loan available from the Credit Union:
1. Express Loan
An application can be made by non-
Loans are available up to £2,000 and must be repaid within 24 months at current rate of 3% per month (42.6% APR)
2. Secured Saver Loan
Borrow against your savings with a secured loan. Your savings balance must be equal to or exceeds the loan amount requested and will be locked until the balance of the loan is repaid.
Secured loans are available from £100 to £5,000 and a flat rate of 5% APR
To apply complete a Secured Loan Application form which will be fast tracked for approval.
3. Saver Loan
Applicant must be a member of BDCU for at least 12 weeks and be a regular saver. The maximum amount of Saver Loan will be 3 times the value of the applicant's savings (although the Credit Committee may exercise discretion at this). APR 26.8%.
Applicants will need to complete the necessary loan application form and provide documentation including their last three months bank statements to confirm their income and expenditure.
4. The Payroll Loan
If you are employed by one of our payroll partners you can apply for a loan at a reduced rate providing you set up payroll deduction as a payment method.
The loan can be up to £5,000 with an APR of 9.9%
For more information on the employers we are currently working with please visit our payroll deduction page.