No matter how hard you work to save money on a day to day basis, there can be occasions when you simply don’t have the funds available to finance the purchases you need to make. This is particularly true during an era in which wages have been growing slower than inflation for several years and we understand how difficult our account holders can find it to set aside the money they need. That’s why we’re more than happy to provide the kind of low rate loans they won’t be able to find anywhere else.
When you need to borrow money to make a purchase such as new item of furniture, a new car or even a holiday, there are numerous lenders to which you can turn. The bad news, however, is that many of these lenders charge high interest rates designed to maximise their profits. The low rate loans offered by PCCU, on the other hand, reflect that fact that we are an ethical lender working on a not for profit basis. Because we don’t have to bring in profits to fuel dividend payments or bonuses for our executives, we can concentrate on keeping the interest on our low rate loans as low as possible. This is particularly true when our loans are compared to those offered by payday lenders and ‘rent to own’ high street stores. Any money we do bring in is put back into our local community to make life better for everyone who lives there and our low rate loans have a big part to play in this.
When you apply for one of our low rate loans you’ll be dealt with by a member of our team rather than a distant call centre. We always work to set up a repayment plan that we believe you can afford, and to lend an amount of money which you’ll comfortably be able to pay back. We know that people all too often borrow from one lender to fund a particular purchase and then find themselves having to borrow from another in order to meet the high interest repayments. Thanks to the transparency of the way we lend money, this is something which our low rate loans aren’t likely to cause.
Our ethical stance means that the interest we advertise for our low rate loans is offered to every one of our borrowers, rather than being a special headline rate which only applies to a few. In addition to this, we guarantee that our low rate loans come without any hidden fees or extra charges buried in the small print. We’ll work with you in a clear and transparent manner and come to an agreement which will give you the peace of mind of knowing you can afford the purchases you need when you need to make them.
Once you’ve given us all the information we need, we try to reach a decision on our low rate loans within two working days and sometimes on the very next day. As soon as a loan has been approved the money will be transferred to your account, giving you the spending power you need to seek out the very best prices.