Borrowing from Us

We’re here to support you through all of life’s ups and downs. Whether you need a safe place to save or a reliable loan option, we’ve got you covered. Our loans are designed to help you when you need it most, and by choosing us, you’re also helping to strengthen our community.

All loans are subject to affordability checks to ensure repayments are manageable over your chosen loan term.

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Family Loan for New & Existing Members

Whether you’re a new or existing member, our Family Loan can help you cover essential expenses. First-time borrowers can apply for up to £500, while existing members are eligible for loans up to £750.

To be eligible for our Family Loan, you must:

  • Be receiving 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 loan disbursement.

Starter Loan (New Member to DCB)

If you’re a new member of Derbyshire Community Bank, you can apply for our Starter Loan, which allows you to borrow up to £3,000.

To be eligible for this loan,

  • You must be a new member of DCB, so be sure to join and apply online now.
  • Applicants must be over 18 years old and provide one month’s recent bank statements.
  • You will need to agree to a credit check.

The loan can be disbursed into either a bank account or a DCB account. This loan is a great opportunity for new members to access funds with flexible terms.

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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 online 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

Features & Benefits

  1. Loans at 42.6% APR from as little as £100 up to £7,500
  2. Easy to apply with up to 2 working 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. You must become a member and live or work within Derby or Derbyshire to be eligible to apply.

See Our Loan Terms & Conditions

 

Missed Payments Information

 

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.

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