From £300, repayable weekly or monthly
Our Christmas Loan allows you to borrow from £300. With flexible repayments from just £10 per week, this loan offers an affordable way to manage your festive expenses.
This Christmas Loan helps manage festive finances. You can combine your loan repayments with savings as well, offering an easy way to access funds whilst saving for next year.
For Our Community
Our credit union Christmas Loan is for those living, working, studying or volunteering in Norfolk, Suffolk, Cambridgeshire, or North and Central Essex.
No Set Up or Early Repayment Fees
Our loan products, including our Christmas Loan, have no hidden fees and you can pay off your loan early without penalty. You are also welcome to make additional payments if and when it suits you. Doing this reduces the interest you pay too.
Clear Rates, Always
As an ethical credit union we work with honesty and trust. This means we prioritise transparency by clearly disclosing our loan rates at all times.
Quick Decisions
Once you become a member of ESLCU, you can apply for a Christmas Loan. Our loan decisions are typically made within 3-4 working days, and you can check on the status of your Loan application at any time through the Members’ Area.
Flexible Repayments & Top Up Opportunities
Pay back your credit union Christmas Loan in a way that suits you; we offer weekly, monthly or 4 weekly repayment options. You can also apply to top up your Christmas Loan when you have paid half of the original loan back.
Fill in the membership form on our website. Please note, there is a recurring membership fee of £1 every 4 weeks for all of our accounts.
Pay £5 using PayPal or GoCardless (you’ll see the payment page after submitting the form).
Once approved, you’ll get an email with your membership number, account details, and information about us.
Once you join, you can apply for a loan in the Members Area. Loan decisions are typically made within 3-4 working days
Use our loan calculator to estimate your repayments based on the loan amount. It’s an easy way to plan your finances and make informed decisions before applying for your Christmas loan. Start calculating today and see how much you could borrow!
UK citizens who live or work in North Essex, Norfolk, Suffolk, or Cambridgeshire, or work for Payroll Partners such as NSFT or East of England Coop, can join ESLCU and apply for our Christmas Loan.
Yes, please select Child Benefit Loan when applying in the Members Area.
Yes we do. A member of our loans team looks carefully at each application, and considers each one on a case-by-case basis. This means that we can consider small credit union loans for people who have had historic credit issues in some instances.
Once your Christmas Loan is approved, you will need to sign the digital Loan Agreement. Funds will be released the same day we confirm the repayments.
Once you’ve made half of the repayments due your Christmas Loan, you can apply for a top-up loan. The loan amount will depend on your income, expenditure, and passing a credit check.
Just check out our Christmas Savings page, you can complete a short form, and we will get it all set up for you.
Yes! You can make one-off or regular additional payments, or pay off your loan early without any extra charges. Interest is calculated on the reducing balance, meaning the more you repay, the less interest you’ll pay. This gives you flexibility to manage your loan in a way that suits you.
If you have recently completed a Debt Relief Order (DRO), Individual Voluntary Arrangement (IVA), or Bankruptcy, it’s unlikely that you will be considered for a loan. However, you can still open an account with us and use it as a “rainy-day” fund.
