Our Debt Consolidation Loan is back by popular demand.
BDCU members are worried about the debt they have with other financial institutions and are telling BDCU that they are wanting to bring all their borrowing into one manageable loan to help their financial and mental well-being.
Furthermore, with inflation soaring, interest rates rising, and everyone affected by the Cost-of-Living Crisis, people are feeling the squeeze on their finances.
BDCU is offering a new Consolidation Loan to new and existing members for existing loans, overdrafts, and credit cards (subject to credit and affordability checks).
THE RESULTS FROM THIS CALCULATOR ARE FOR ILLUSTRATIVE PURPOSE ONLY AND DO NOT GUARENTEE A LOAN OFFER. IF YOUR APPLICATION IS SUCCESSFUL, THE ACTUAL LOAN AMOUNT, INTEREST RATE, AND OTHER TERMS MAY VARY BASED ON A DETAILED ASSESSMENT OF YOUR PERSONAL CIRCUMSTANCES.
Benefits of our Consolidation Loan:
You can consolidate into one easy payment. Fixed rates from 16.5% APR.
No Fees
as you can take a loan without paying an early repayment charge
Flexible loans
We make sure a loan from a credit union is affordable. And if your circumstances change, we are here to help you
The following terms and conditions for the Debt Consolidation Loan are:
Borrow between £2,000 and £15,000
Fixed rates from 16.5 % APR.
All loans are subject to normal lending application criteria and affordability checks
Once your loan is approved, it will be sent to your creditor via faster payment. Therefore, can be available the same day
Apply now
Our loans are simple. It takes just a couple of minutes to apply. Use the slider above to see how much it would cost to borrow, selecting whether you’re working. And remember, you'll always get a quicker decision if you opt to use open banking.
Useful information
For more help and information, check out our money tips.