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, overdrafts, and credit cards (subject to credit and affordability checks).
Benefits of our Consolidation Loan:
You can consolidate into one easy payment. Fixed rates from 12.7% APR
Our rates are amongst the lowest of other credit unions and lenders e.g co-op bank
as you can take a loan without paying an early repayment charge
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:
This loan is available from 16th January 2023
Borrow between £2000 and £15,000
From 12.7% APR promotional rate
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. Therefore, can be available the same day
Our loans are simple. It takes just a couple of minutes to apply. Use the slider below 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.