There are numerous reasons why people might need to take out personal loans. For many it is the most obvious choice when they need to replace an individual expensive item such as a car, or want to invest in improving their home. Others may take out a loan to cover the cost of a holiday or to cushion the extra expense of a period such as Christmas. Whatever their reason for taking out personal loans, people have every right to look for the best possible deal and the most affordable package.

Here at PCCU that’s exactly what we offer our account holders. As a not-for-profit organisation we don’t have to generate returns for shareholders or bonuses for executives. We can focus entirely on providing the finest service for our account holders and doing our bit to help boost the local economy. That’s why our ethical personal loans are designed to be affordable, convenient and flexible no matter why they are needed.

Account holders sometimes borrow from us because they want to use the money for debt consolidation. This involves turning several smaller debts – such as high street loans, bank overdrafts, credit card debts etc. – into a single loan repayable at our attractive interest rates. Not only does this reduce the amount being paid back every month, but it also simplifies the process, turning multiple payments into a single payment, and making it much easier to manage personal finances.

The main advantage of our personal loans is the transparent way we work. The loan rate we advertise, as well as being kept as low as possible, is the rate which every single one of our borrowers will be charged, and we guarantee there are no hidden charges tucked away in small print. When account holders apply to us for personal loans they deal directly with a human being rather than having to talk to a distant call centre, and we aim to handle all applications as quickly as possible.

In the majority of cases we’ll have an answer for an applicant in a couple of days and, providing all of the information we need has been provided we might even be able to respond by the next day. We never lend more than we think an applicant will be able to repay and we’ll set up a payment plan which is simple and affordable, and which includes paying a small amount back into a savings account, so account holders can continue building their savings at the same time as repaying their loan.

Once the loan has been agreed the money will be transferred directly to the applicants account. This means that they then have the freedom to spend it exactly as they wish, and to shop around for the best deal armed with the knowledge that they have the funds to make an up-front payment. Whether taken out for a holiday, a new kitchen or a set of school uniforms, personal loans from PCCU take the stress out of dealing with debt and finances, and provide a sense of control, reassurance and personal freedom.