Loans over £2000
The interest rate for loans over £2000 start from 0.75% monthly (APR 9.4%) and are up to 3% monthly (42.6%). The interest rate will depend on the loan amount, the savings accumulated in the PCU UK and the credit score of the applicant for a loan.
- available only for existing PCU UK members, who saves money with PCU UK for at least 3 months,
- PCU UK members can apply online for a loan from the secured website administration area,
- individual assessment of credit score,
- the repayment period can range from 12 to 60 months,
- monthly repayments,
- he applicant must be over 18 years old,
- repayment of the loan is tied together with a regular savings (minimum £25 per month),
- currently the maximum loan amount is £7500.