Bradford Council and BCFT Staff Payroll Loan
With more than 3,000 members, Bradford Metropolitan District Council (BMDC) and The Children’s Trust are two of our largest payroll partners, allowing us to offer exclusive rates to all their employees.
This exclusive offer is open to both new and existing BDCU members who are employed by BMDC or The Children’s Trust.
Loans range from £2,500 to £25,000, with interest rates starting from 7.9% APR.
Important information: This rate is not available for the purpose of debt consolidation. To find out more information on our Consolidation Loan rates, click here.
Repayable by payroll deduction.
Key Features:
Affordable Loans
No Fees
No Early Repayment Charges
All loans are subject to lending application criteria and affordability checks
Simple Application
About our loans
Eligibility Considerations
- If you currently have a loan with us, you need to have repaid at least 33% of the loan amount
- You should have maintained consistent loan repayments over the last 12 months
The Application Process
- Once your application has been submitted, we will request the required documentation to assess your application.
- Once everything has been received, you will receive a decision within 2-3 working days.
- If approved, paperwork will be sent to you via email to sign electronically.
- Once the paperwork has been signed by you, we will pay the funds to your nominated account.
How do I apply?
- Select the amount and term you wish to apply for on the calculator below
- Once you are satisfied with the details inputted, select Check My Eligibility on the loan product you wish to apply for to begin your application journey.
- Important information: If your eligibility check results come back as ‘low’, you will not be able to proceed further with your application.
THE RESULTS FROM THIS CALCULATOR ARE FOR ILLUSTRATIVE PURPOSES ONLY AND DO NOT GUARANTEE 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.
How we make lending decisions
We use credit reference agencies and open banking to help us make decisions on the loan amount and the rate charged to members.
Defaults and CCJs:
Whilst we can accept a loan if you have defaults, you’re more likely to be accepted if you haven’t missed a payment in recent months.
The same is true for County Court Judgments. An older CCJ won’t stand in your way, but more recent court action will probably prevent us from lending.
We cannot consider an application if you are currently going through bankruptcy, an Individual Voluntary Arrangement or debt relief order.
If you have recent defaults, CCJs or are insolvent do not apply for a loan. Submitting an application can actually cause your credit score to fall further because we’ll carry out a credit search.
For more help and information, check out our money tips.
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