Who does not want a brand new kitchen, with shiny new appliances that will make day-to-day life easier, with 0% interest free kitchen finance offered by a growing number eager sales people? But what happens when the interest free period finishes on your kitchen finance and you start to look at the numbers?
Spring has arrived, the flowers have started to bloom in the garden and we are flying towards the summer. It is around these months at PCCU that we start to see loan applications for home improvements in increasing numbers. One situation that PCCU encounters regularly is people in the Burnley and Pendle communities who have taken advantage of 0% interest free finance on kitchens and bathrooms, but get to the end of the period and unfortunately have not repaid as much as they had planned.
We sat down with a local resident who had come to the end of their 0% interest free period on a sparkly new kitchen to compare the finance package provided through one of the UK’s largest Banks v the same repayments with a loan from PCCU.
We were not surprised to see that loan package we provide is more than competitive. Firstly we urge anyone who may be considering a finance package or who is coming to the end of their 0% interest free period to really look at the APR, the total cost of credit, length of credit period and monthly repayments.
We compared the finance package, keeping the monthly payments on the PCCU loan exactly the same to see how much we could save on the total cost of the kitchen finance
£3,337 cheaper for the same amount of credit, with the same monthly payments at PCCU!
When taking a loan with PCCU there are a number of free value added benefits to compliment the loan package we offer. Importantly there are no set-up fees or early payment penalties. PCCU promotes the ‘Save as you Borrow’ method that helps account holders to build up savings whilst repaying a loan, which can protect them from expenses in the future. Finally as a not-for-profit cooperative we only operate to benefit account holders and wider the community.
Applying for a PCCU loan is refreshingly simple, if you’re in a situation where you need to reassess your kitchen finance then we could provide a better alternative. We are confident that we will be competitive with loans for home improvements up to £15,000.
Once you’ve provided us with all the information we need we’ll reach a decision as quickly as possible. This means you’ll know if you’ve got the loan within two working days and, where possible, on the very next day. Apply online today or pop into one of our three town centre branches in Nelson, Burnley or Colne to complete a loan application form. If you require any further information contact us today.
PCCU Home Improvement Loan
Apply for a PCCU Home Improvement Loan today, with competitive interest rates and repayments especially tailored to suit your financial circumstance.Apply Now