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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, and a commitment to personalised service, applying for a loan with Derbyshire Community Bank is a straightforward and stress-free process.
All loans are subject to affordability checks to ensure repayments are manageable over your chosen loan term
| Family | Credit Builder | Personal Loan | Payroll Deduction | |
| Loan Value | £200-£1000 | £500-£2,999 | £3000-£8,000 | £500-£8,000 |
| 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 | |||
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
