Cost of living loan

Use the sliders to choose the amount and term of your loan

How much do you want to borrow?
Over how many months do you want to repay?
Your estimated repayments are every month at a fixed rate from APR
The estimated total you will repay is
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Gas and Electric bills on the rise?

Groceries costing more each week?

Fuel prices soaring?

As the cost of living continues to climb, we recognise the ongoing challenges faced by many in managing their household budgets.

BDCU is pleased to introduce our supportive solution for the community with our newest financial option, the "Cost of Living Loan."

Funded by West Yorkshire Mayor Tracy Brabin's Cost of Living Support Fund, BDCU has launched this loan to bring support and financial relief to those in neeed during the ongoing Cost of Living Crisis.

Get a £10 Credit boost in your account when your Loan is approved.

Your loan is subject to checks and not guaranteed - we will look to respond within two working days.

This Loan is available for a Limited Time Only

Please Note: This loan is NOT for debt consolidation

Benefits of our Loan:

  • Save as You Borrow

    This is a painless way to build up your own safety net, even when you’re borrowing.  Furthermore, regular savings makes it more likely we’ll accept your loan application in the future.

    If you would like to save at the same time as repaying your loan please request this during your loan application.

  • No Fees

    You can take a loan from a credit union without paying an early repayment charge. In fact, the earlier you pay the less interest you incur.

  • 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 are terms and conditions for our "Cost Of Living Loan."

  • You must be over 18 years old

  • Borrow a fixed amount of £200.

  • This loan is subject to affordability checks

    There will be an insolvency register check completed which will leave a credit footprint. Missed payments, defaults and CCJ's are not factored into the decision on your loan application. 

Once your loan is approved, it will be sent to you via faster payment. Therefore, can be available the same day

Credit union 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. And remember, you'll always get a quicker decision if you opt to use open banking.

Use the sliders to choose the amount and term of your loan

How much do you want to borrow?
Over how many months do you want to repay?
Your estimated repayments are every month at a fixed rate from APR
The estimated total you will repay is
Loading

THIS IS A REPRESENTATIVE RATE FOR QUOTATION PURPOSES. WE WILL BE ABLE TO OFFER YOU AN ACTUAL RATE ONCE WE HAVE UNDERTAKEN A CREDIT CHECK. WHILST EVERY CARE HAS BEEN MADE IN THE PRODUCTION OF THIS WEB PAGE, THE CREDIT UNION, OR ANY OF ITS STAFF, CANNOT BE HELD RESPONSIBLE FOR ANY OMISSIONS, ERRORS OR OTHER MISTAKES MADE. THIS WEB PAGE IS FOR ILLUSTRATIVE PURPOSES ONLY, SO AS TO GIVE YOU, THE BORROWER, AN OVERVIEW OF THE POTENTIAL COST OF BORROWING.

Useful information

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