Whether you’re looking to buy a new car, renovate your home, or consolidate existing debts, our range of loans are designed to meet your unique needs. With competitive interest rates, flexible repayment options.
Struggling with multiple debts? Juggling repayments can be overwhelming, but Derbyshire Community Bank is here to help. Our affordable debt consolidation loans can simplify your finances, combining your existing debts into one manageable repayment.
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| Family Loan | Credit Builder | Personal Loan | Salary Saver Loan | |
| Loan Value | £100-£750 | £500-£2,999 | £3000-£7,500 | £500-£7,500 |
| Rate/year (APR) | 36% (42.6%) | 36% (42.6%) | 24% (26.8%) |
Up to £1,000 24% (26.8%)
£1,000-£4,999 18% (19.6%) Over £5,000 12% (12.68%) |
| Loan period | 6-12 months | 6-36 months | 12-60 months | 12-60 months |
| Repayment Frequency | weekly/4weekly |
weekly/fortnightly/
4weekly/monthly |
weekly/ monthly | monthly |
| Repayment means | Child benefit | benefits/ standing order | standing order | Payroll Deduction |
| Mandatory Holding Saver | £3 week | £3 week | £12 month | £12 month |
| Holding Saver secured | Loan secured against Holding Saver until Holding Saver balance exceeds the loan balance | |||
| Top ups? | First loan repay in full. Subsequent topup when 1/3 of the loan is repaid. Maximum 3 topups in rolling 12 month period | |||
Our Holding Saver helps you establish a habit of saving and ensures you have funds set aside for future needs. Saving while repaying your loan, this helps you build habits that last, giving you more peace of mind.
We have a special savings account called a Holding Saver. It’s not a typical savings account you dip in and out of — instead, it’s a secure place where money is held while it’s linked to your loan.
The Holding Saver is designed to support your loan. It ensures
Your repayments are processed smoothly.
Any linked savings (such as Save as You Borrow) are held securely until your loan is fully repaid.
You build up a small savings pot alongside your borrowing, which becomes available once the loan is cleared.
Click below to read more about our Holding Saver Account.
Holding Saver Account
Make the most of your Child Benefit, by having it paid directly to us you can deduct your loan repayment automatically.
Repayments to suit you – weekly, fortnightly, four weekly or monthly
Understand what you are borrowing for – home improvements, holiday, bill payments or something else. Your loan is there to spread the costs and improve life.
Only apply for the loan if you are sure you can repay it. You are borrowing your fellow members’ savings, so it is important that you take your commitment to repaying the loan seriously.
If you have any difficulty in repaying your loan then contact us immediately. Don’t ignore problems and hope they go away – usually they get worse and are more difficult to resolve.
All loans are subject to status. Eligibility and conditions apply. You must become a member and live or work within Derby or Derbyshire to be eligible to apply.
Loan Terms & Conditions Missed Payments
