Personal loans to help with your borrowing needs

Do you live or work in Derbyshire and need a loan?

We offer personal loans that are competitive with other financial institutions.  In fact our rates are considerably cheaper than payday, doorstep, high interest and loan shark lenders.

Features and Benefits:

• Loans from as little as £100 up to a maximum of £3,000, unsecured
• 42.6% APR
• Easy to apply and decisions within 1-2 days
• No hidden charges or fees or early repayment penalties
• Repayments to suit you – weekly, fortnightly, four weekly or monthly.

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 reasons:

There are many reasons why someone might need a loan which include:

• new white goods
• Christmas
• debt consolidation
• car purchase or repairs
• house improvements or new furnishings

Apply for a loan at DCB

Important information

Only apply for the loan if you are sure you can repay it.  You are borrowing your fellow member’s 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 work or live in Derbyshire.

Credit checks

We do perform credit checks to ensure our loans are affordable to our Members and that we are not getting them further into debt.

The credit check that we carry out is developed for community banks, so it takes into account that someone might not have the perfect credit history, it’s more about what you have done since to ensure your credit history is improving.

This means it’s possible that while one lender will reject you for a loan, we might accept you.

We will take into account any existing information we might hold about you for current or previous borrowing, along with the details that you’ve submitted in your application.  We may also ask for further information to aid this decision.

If we do decline you we will refer you to Experian so that you can find out what information is contained in your report.  In some cases the information can be updated and may enable you to apply again to us.

Full guide to the use of your information