Here at PCCU, we like to be there for our account holders whenever they need us. If you need to replace your kitchen, for example, or buy a car, you can talk to us about taking out a loan that can provide the money you need to get the best possible deal. On many occasions, however, our account holders come to us for small loans, and when they do we’re more than happy to help out.
The kind of small loans we’re talking about are similar to those which you often see advertised by payday lenders. It can be an amount of up to around £500 which you need because your washing machine has suddenly decided to stop working, the car needs expensive repairs or simply because two or three kids all need full school uniforms buying at once. The small loans we provide aren’t necessarily a life-changing amount, but the money can help our account holders to get over a temporary hiccup in their finances, and they can do this because we operate as an ethical lender.
Being an ethical lender means that when we provide small loans we do it to help our account holders, not to use them to make money. That’s because we’re a not for profit organisation, so our small loans have interest rates which we keep as low as possible. When you come to us to ask for one of our small loans we’ll do our best to help you out, and will set up any repayment plan in a way which means you’re able to pay the money back without undue stress and anxiety.
We understand that our account holders may have credit ratings that make it difficult to borrow money elsewhere, but we don’t see why the fact that you may have had problems with credit in the past – or even that you haven’t accessed credit very much recently – should stand between you and small loans you can afford to repay today.
Even if you want to borrow slightly more to pay for something like a holiday or more extensive home improvements, our small loans of up to £1000 are handled in the same, highly ethical manner as everything else we do. The interest rate which you see advertised will be the rate which applies to everyone who borrows money, rather than simply being a headline rate designed to attract custom. Additionally, we can guarantee that there will be no extra charges or fees hidden in the small print when you take out one of our small loans. What you see is what you get, and that’s the chance to borrow the money you need to deal with a specific issue.
Once you’ve provided us with the information we need we’ll try to reach a decision in as little as two working days. If your application is successful, one of our small loans will be transferred to your bank account immediately, leaving you free to spend the money you need and get on with the rest of your life.