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  • Online loan application is LIVE!
Online loan application is LIVE!

07 December 2022

Online loan application is LIVE!

The time has finally arrived. Portadown Credit Union are now accepting online loan applications. This service is available on the website and the app.

Apply here.

We have compiled a list of FAQs our members might have surrounding the new service.

How will I know if it's been approved?

A member of staff will contact you within 1 (PCU) working day to confirm if the loan has been approved.

Although we aim to respond to all applications within 1 (PCU) working day, initially it may take longer as staff adjust to the new loan application system.

Is it instant?

No. Each online loan application will be assessed by a loan officer during PCU working hours. They will ensure all the information needed is present. Once a decision has been made, the loan officer will contact you on the number provided before payment is paid out.

We aim to have all loans accessed within 1 (PCU) working day however this may be longer initially as staff adjust to the new loan application system.

What documents will I need?

Each loan application will require different documentation depending on your circumstances. Typically 3 months bank statements are needed. If a guarantor is required, they will also need to provide 3 months bank statements.

In some circumstances, we may need to ask you for additional supporting information to help us to assess your individual loan.

What is the maximum loan amount I can apply for online?

You can submit a loan application online up to our max of £60,000.

Will all loans be decided within 1/2 days?

Sometimes certain loans will need to be accessed by the credit committee which is held every Thursday morning e.g. first time borrowers. Members will be made aware if their loan application is going to the credit committee.

Therefore, if a loan is applied for on a Friday and needs reviewed by the credit committee, the member will only get a decision the following Thursday afternoon.

Check out our loan calculator here.

Please note- If this is your first loan with PCU, the application will need to go to the credit committee along with a guarantor. This is held every Thursday morning. 

If you have any additional questions, please don't hesitate to contact us on (028) 3833 5104.

Portadown Credit Union- Your local lender of choice 

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Online loan application is LIVE!

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Portadown Credit Union

Address:
26 Market Street, Portadown, Craigavon, UK, BT62 3LD
Tel:
028 3833 5104
Email:
info@portadowncu.com
Web:
https://www.portadowncu.com
Latitude:
54.422840622826506
Longitude:
-6.443968400088883
We're Open:
Monday -
Tuesday 09:30 - 17:00
Wednesday 10:00 - 17:00
Thursday 09:30 - 17:00
Friday 09:30 - 17:00
Saturday 09:30 - 13:00

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Portadown Credit Union Ltd is authorised by the Prudential Regulation Authority and regulated
by the Financial Conduct Authority and the Prudential Regulation Authority. FCA Registration Number 573789.

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