Loans

Personal loans to help with your borrowing needs.

Loans – all our loan products are listed below.

Family Loan (new & existing members)

Borrow up to £500 – online applications only

To be eligible for our Family loan you must be:

  • Be in receipt of Child Benefit and agree to have it paid into your Derbyshire Community Bank Account
  • Be over 18 years old
  • Provide proof of child benefit
  • Have a high street bank account or a DCB account for disbursement of loan
  • Apply here:
    • Not a member – Click here to sign up and apply if you are not a member,
    • Existing member – click here if you are an existing member to apply on your online account.

Click here for our Family Loan FAQ

Starter Loan (new to DCB)

Borrow up to £3,000

To be eligible for our Starter loan you must be:

  • New to DCB so join & apply on-line now
  • Be over 18 years old
  • Supply one month’s recent bank statements
  • Agree to a credit check
  • Have a high street bank account or a DCB account for disbursement of loan

Loyalty Top Up Loan (existing members)

Borrow up to £7,500

To be eligible for our Loyalty loan:

  • MUST be a DCB member with an on-line account
  • Must be over 18 years old
  • Supply one month’s recent bank statements
  • Agree to a credit check
  • Have a high street bank account or a DCB account for disbursement of loan

 

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Features & Benefits

  1. Loans at 42.6% APR from as little as £100 up to £7,500
  2. Easy to apply with same day decisions
  3. Loan agreements signed via e-signature – no need to call in or post forms
  4. No hidden charges or fees or early repayment penalties
  5. Repayments to suit you – weekly, fortnightly, four weekly or monthly
  6. Manage your account and loan via our online banking or mobile APP
  7. Open banking to provide us with instant access to your bank statements when applying for a loan

Important Information

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. Ideally you must live or work in Derbyshire to apply. However we do have some members who live in neighbouring counties like East Staffordshire.

Criteria

  • Up-to-date on any current or previous borrowing with DCB
  • No recent adverse credit history
  • You must have the disposable income to meet the loan repayments.

Loan Calculator