East of England Co-Op Funerals - Eastern Savings and Loans
East of England Co-Op Funerals

You can apply for a loan to help with the cost of a Co-Op funeral.

Eastern Savings and Loans Credit Union has agreed to help with the East of England Co-Op Funeral Service commitment to the Fair Funerals Pledge.

We aim to help those arranging a funeral who may not immediately have access to the funds to pay for the funeral of their choice.

We can bridge the gap between any funds you have and the cost of your chosen funeral. We pay the Co-Op directly and you pay the loan back by standing order.

We are an ethical co-operative social enterprise who share the Co-Op’s values and principles.

  • Special interest rate of 14% APR.
  • Loans from £1,500 to £7,500
  • Direct payment of your funeral costs.
  • Ethical cooperative social enterprise.

How it all works?

Find out what you need to know before applying for a loan and membership.

Customers of the East of England Cooperative Funeral Service who live in Norfolk, Suffolk and Cambridgeshire are eligible to apply for membership. From April 2020 all customers will be eligible.

Joining Form
Once you have joined us, you can apply for a loan the same day. We do have a few eligibility criteria:

– You must be over 18
– If you have a County Court Judgement (CCJ) you must provide evidence you are addressing it,
– It has been longer than 3 year since you were discharged bankrupt or completed a DRO,
– It has been longer than 2 years since you completed an Individual Voluntary Agreement (IVA) / or debt management plan.

Please use the Promotion Code COOPF20 when applying for a loan.

Loan Application
The credit union is a members cooperative and only members can borrow from the credit union. It costs £5.00 to join the credit union (£3.00 goes towards your minimum shareholding) and we have a £1.00 four-weekly membership fee.
Applicants must provide identity information to enable us to carry out Anti-Money Laundering checks, which are normally done online. If this is not possible, we will have to see verified copies of documents such as a driving licence or passport and a utility bill or similar documents.
Give us a call on 03336000690 and we can post out a paper application pack.
We consider all loan applications based on the affordability and credit risk. We will ensure all payments for the loan are affordable based on your disposable income and we may ask you to provide supporting evidence such as bank statement data. The quickest way to provide this is through our Open Banking service provided by our partner ConsentsOnline, but if this is not possible, we may require copies of statements.
We use Credit Reference Agencies (such as Experian) to ensure you are meeting any existing credit commitments and our loan officer will look at your credit history to understand your relationship with other lenders.
We are unlikely or unable to lend to people who have:
– A current Debt Relief Order,
– A current Individual Voluntary Agreement,
– A bankruptcy order in place,
– An active County Court Judgement for a sum greater than £500,
– A Monthly income less than £1,200 per month.

How much will it cost?

Not Available Online

Lorem ipsum dolor sit amet, consectetur adipisicing elit. Beatae dolore rerum magni ullam atque nisi possimus consequuntur quas, labore cum? Dignissimos provident ex similique dolor. Veniam doloribus dolorum atque a?

03336 000690

Monthly Repayment £00.00 *
Total Repayment £00.00 *
* Representative example.

Borrowing £00.00 over Months will cost £00.00/month. Total amount repayable is £00.00 which includes interest at 42.6% APR.

The figures given above are for illustrative purposes only and may not be the APR you receive. The actual interest rates and repayment amounts may vary subject to loan amount and status.

What do I do next

Apply for membership
Apply for membership

Only members of the credit union may apply for a loan

Apply for a loan
Apply for a loan

Use this form to apply for a loan after you have applied for membership. Please use Promotion Code COOPF20.

Members of ABCUL

Members of ABCUL

Your money is protected up to £85,000

Your money is protected up to £85,000

Authorised and Regulated by the Prudential Regulation Authority

Authorised and Regulated by the Prudential Regulation Authority

Members of ABCUL

Your money is protected up to £85,000

Authorised and Regulated by the Prudential Regulation Authority