Dream Big,
Borrow Smarter
We offer fast, straightforward loans tailored to your needs.
From car financing to home improvements, we’re here to help you plan for the future.
Your loan on your terms
This loan calculator is for illustrative purposes only, providing an overview of the potential cost of borrowing. While we strive for accuracy, Pennyburn Credit Union and its staff cannot be held responsible for any errors or omissions. Please note that the calculator provides an indicative quote, and actual repayments may vary.
Why choose Pennyburn Credit Union?
We offer flexible loans with affordable rates, no hidden fees, and a hassle-free process. You can borrow up to £35,000 on top of your savings. For example, if you have £25,000 in savings, you could potentially apply for a loan of up to £60,000! And thanks to our high interest rebate, many members have enjoyed an average rate as low as 7.8% over the last two years (2022 & 2023). This means that you save more on your overall loan cost. Join us and experience the power of Pennyburn Credit Union
Low interest, big savings
Our standard APR is 12.68%, but with a 35% interest rebate over the last two years, many members enjoyed an average rate as low as 7.8%. Interest is calculated on the reducing balance, which means with each repayment, you pay less interest—making the overall cost of your loan even lower. The less you owe, the less you pay.
Our standard APR is 12.68%, but with a 35% interest rebate over the last two years, many members enjoyed an average rate as low as 7.8%. Interest is calculated on the reducing balance, which means with each repayment, you pay less interest—making the overall cost of your loan even lower. The less you owe, the less you pay.
Worry-free borrowing
As a member, your loan is insured automatically at no extra cost up to your 85th birthday (subject to terms and conditions). We provide loan protection insurance as a safety net for our members – ensuring you and your loved ones are protected.
As a member, your loan is insured automatically at no extra cost up to your 85th birthday (subject to terms and conditions). We provide loan protection insurance as a safety net for our members – ensuring you and your loved ones are protected.
Borrow in 3
simple steps
1. Use our loan calculator
With our user-friendly loan calculator, you can quickly estimate your repayment terms and get a snapshot of what your repayments would look like for your chosen loan amount.
2. Submit your application
Apply online, over the phone, or in person. We may request additional documents or a guarantor for loan approval.
3. Get your decision fast
Once submitted, our team will process your application, and you’ll typically receive a decision within 1-2 working days.
Ready to apply?
Need a loan? Use our online Calculator
Loan calculatorWith our simple loan calculator you can easily plan your finances.
With our simple loan calculator you can easily plan your finances.
Not a member yet? Not a problem
Become a memberIf you live or work in the BT47 or BT48 area, joining Pennyburn Credit Union is a breeze! Become a member today and start reaping the benefits of personalised face-to-face service, strong community support, and a brighter financial future.
If you live or work in the BT47 or BT48 area, joining Pennyburn Credit Union is a breeze! Become a member today and start reaping the benefits of personalised face-to-face service, strong community support, and a brighter financial future.
Any questions? We’re here to help
Contact usIf you have any questions about our loans we are here to assist you every step of the way.
If you have any questions about our loans we are here to assist you every step of the way.
Current Loan Book
Our Loan Book shows the total value of active loans that Pennyburn Credit Union has proudly provided. These loans support our members’ dreams, from new cars and family adventures to education and beyond. Each number represents a story within our community: a goal achieved,
or a dream fulfilled. At Pennyburn Credit Union, we’re committed to fair and accessible credit, helping to build a brighter future together.
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Have any questions?
Whether you’re curious about the loan process or how to become a member, we’ve got you covered. Check out the answers to the most frequently asked questions from our members. If you can’t find what you’re looking for, don’t hesitate to contact us.
We encourage sensible borrowing, and you can borrow for anything up to £35,000 above your savings (subject to affordability; Terms and Conditions apply)
Every loan application is assessed on its own merits. We focus on affordability and understand that sometimes life events can happen through no fault of your own.
Yes, you can apply for a loan on top of your existing loan balance which means you’ll pay back one loan repayment instead of two.
As a community lender, we try our best to be flexible and help our members and understand that personal circumstances can change. Please contact us as soon as possible. We’ll work with you to reassess your situation, review your repayments, and make repayments more manageable.