Our Family Loan scheme lets you borrow for family expenses and use your Child Benefit for the repayments.
- Quick online loan application here
- We assess affordability with no credit check
- Family Loan decision within 48 working hours and £500 same day BACS payment
- Opportunity to build savings
We can only accept applications for the PCCU £500 Family Loan & Saving Scheme from people who live or work in the boroughs of Burnley, Pendle, Hyndburn, Preston, Ribble Valley, Rossendale, South Craven or the county of Cumbria
Apply for your £500 Family Loan
Apply for a PCCU Family Loan today, with competitive interest rates and repayments especially tailored to suit your financial circumstance.
Apply NowHow much can I borrow?
Up to £500.
Save as you borrow
With our Family Loan, you can save for holidays, Christmas or any of life’s little luxuries at the same time as repaying your loan.
What do I need?
- Be aged 18 years old or over
- Be receiving Child Benefit and agree to have this paid into your account with Pennine Community Credit Union
- Live or work in the boroughs of Burnley, Pendle, Preston, Ribble Valley, Rossendale, Hyndburn or the County of Cumbria OR;
- For employees and those in receipt of housing services (i.e. tenants) from The Together Group, Calico Group, Accent Group or Your Housing Group
- Complete a simple loan application here
- There is no need to be an existing saver
- Repayments tailored to suit you. Simply choose how much you want to put in your savings account each week
- Provide proof that Child Benefit is paid to you
If you do apply for a loan we’ll turn the application around as quickly as we can. We aim to reach a decision within 24 -48 working hours, providing all the information we need has been provided. If your application is successful, we can make a same day BACS payment.
We can only accept applications for the PCCU £500 Family Loan & Saving Scheme from people who live or work in the boroughs of Burnley, Pendle, Hyndburn, Preston, Ribble Valley, Rossendale, South Craven or the county of Cumbria
Apply for your Family Loan
Apply for a PCCU Family Loan today, with competitive interest rates and repayments especially tailored to suit your financial circumstance.
Apply Now
How does a PCCU Family Loan compare?
| Representative
Example |
Amount
Borrowed |
Number of
Weeks |
Weekly
Payment |
Representative % APR | Total
Paid |
Cost of
Credit |
| PCCU | £500 | 52 | £11.50 | 42.6% APR
Representative |
£596.92 | £96.92 |
| The One Stop Money Shop | £500 | 52 | £18.75 | 295.6% APR Representative | £975 | £475 |
| Morses Club | £500 | 52 | £18.75 | 342.94% APR Representative | £975 | £475 |
Figures correct as at 18th May 2021
Need to borrow more than £500?
No problem – PCCU issue loans up to £15,000. Click here to contact one of our highly trained members of staff who will be more than pleased to guide you through our step-by-step loan application process.
What other benefits does the Family Loan have?
- A positive boost to your credit rating when keeping to your agreed repayment schedule
- Loan decisions by people not computers
- No setup fees or early settlement penalties
- FREE life insurance (subject to rules), so in the event of your untimely death your loan would be paid off
- Saving accounts fully covered by the Financial Services Compensation Scheme up to £85,000
All PCCU account holders have access to the secure ‘Online Account’ area. Where you can check balances, request withdrawals and apply for loans.
We can only accept applications for the PCCU £500 Family Loan & Saving Scheme from people who live or work in the boroughs of Burnley, Pendle, Hyndburn, Preston, Ribble Valley, Rossendale, South Craven or the county of Cumbria
Apply for your £500 Family Loan
Apply for a PCCU Family Loan today, with competitive interest rates and repayments especially tailored to suit your financial circumstance.
Apply Now
If you require more information on the Family Loan please leave you details and we will contact you back
