Loan Application - Eastern Savings and Loans

Thank you for your application.

You must already be a member of the credit union to apply for a loan.

Please have ready your NI number, information about your income and expenditure and information about your credit history.

If you have a promo code, enter it here:

So we can identify you and where you live.

Membership Number
Leave blank if you do not remember or this has not been issued to you yet.

Title

Name *
First
Middle
Last

Address *

Postcode *

Date moved into this address *

3 years at current address confirmation
I confirm I have lived at this address for the last 3 years.

Additional Addresses
I have supplied additional address information (complete the following)

National Insurance Number (NINO) *

Date of Birth (DOB) *

Number of adults in your household

Number of children under 14 in your household

Child Benefit Number

Number of cars you use

Amount of Loan required *

Which will be spent on *

Repayment amount *

Repayment frequency *

Secured by shares
I am applying for a loan secured by my shares
Select this option only if you want the loan to be covered fully or partially by shares held at the credit union. You will not be able to withdraw these shares whilst the loan is being repaid.

Please tell us about your credit history. We cannot lend to current bankrupts and we like to know about County Court Judgements, so please tell us about your situation.

Have you ever been declared bankrupt? *
Yes
No

Are you subject to a Debt Relief Order or Individual Voluntary Arrangement? *
Yes
No

Have you any County Court Judgements in your name? *
Yes
No

We will contact you by email or text about the progress of your application and if we require any further information.

Telephone number

Mobile phone number *

Email *

The best time to contact me by phone is between
If you prefer us to call, e.g. when you are not working.

and

Please tell us about your current job. This may affect your entitlement to some of our loan products.

Name of Current Employer

Length of time in this job
0-2 years
More than 2 years

Where I have indicated I am employed.
I confirm that I am in a permanent contract and not under notice of redundancy, termination of employment, or reduced pay.

Please tell us about your income (amounts) and how often these are paid to you: (It is important these are accurate or your application may be delayed). Wages should be net after tax and other deductions. Please check you select the correct payment frequency for each income.

Wages/salary (member)

This comes in

Wages/salary (partner)

This comes in

Pension

This comes in

Universal Credit

This comes in

Tax Credit

This comes

Child Benefit

This comes in

Job Seeker's Allowance (JSA)

This comes in

Employment Support Allowance (ESA)

This comes in

Income Support (IS)

This comes in

Pension credit

This comes in

Personal Independence Payment (PIP)

This comes in

Carer's Allowance

This comes in

Child Support

This comes in

Housing Benefit

This comes in

Other Income

This comes

My outgoings include (amounts): Please complete this fully or we may use regional household average expenditure data. Make sure you tell us all your household outgoings and select the correct frequency for each payment.

Mortgage / Rent

This goes out

Council Tax

This goes out

Water

This goes out

Electricity

This goes out

Gas

This goes out

Telephone / Broadband

This goes out

Mobile phone

This goes out

TV Licence

This goes out

TV Rental

This goes out

House Insurance

This goes out

Life Assurance

This goes out

Car

This goes out

Travel

This goes out

Food / housekeeping

This goes out

School Dinners

This goes out

Clothing

This goes out

Entertainment

This goes out

Child Maintenance

This goes out

Subscriptions

This goes out

Prescriptions

This goes out

Other (e.g. savings)

This goes out

Payments to other creditors
I am making regular payments to other creditors
For example store cards, credit cards or debt collection agencies.

We may use credit reference and fraud prevention agencies to help us make decisions. What we do and how we both and credit reference and fraud prevention agencies will use your information is detailed in the leaflet called: A guide to the use of your personal information by ourselves and at Credit Reference and Fraud Prevention Agencies. This is available from: here

Confirmation *
I confirm I apply for this loan, agree with the above statement and accept the terms and conditions for a personal loan *
You agree to repay the loan to ESLCU and pay interest on the unpaid balance at the agreed rate. Interest will be charged on outstanding balances on a daily basis.

You agree to make payments to ESLCU at the agreed frequency and will continue to do so until the loan and interest have been repaid in full. If you miss a repayment, the interest owed will be higher than forecast.

The first payment will be due one repayment period after the date of issue of the loan.
In case of default, the entire balance of the loan shall immediately become due and payable at the option of ESLCU.

As security for the loan, you assign to the ESLCU all paid shares and payments on account of shares which you may have now or in the future in the ESLCU for the loan or any expenses which may become due, and you authorise ESLCU to apply any or all such shares or payments of the Loan and interest or expenses arising which you owe.

You agree that you will inform ESLCU immediately if you give or receive notice of termination of employment, change of address or any other circumstance which will affect my ability to make the agreed loan repayments, so that alternative methods of payment may be arranged.

You agree to comply with the terms of this loan agreement and will let ESLCU know if you will be absent on holiday or other planned absence so that loan repayments can be made in advance, or agreed to be deferred until your return, with a consequent effect on the overall amount of interest paid.

You agree that if you default on repayments, information about your loan may be passed on to the Department for Work and Pensions for their consideration of deductions from the benefits that you are or will become entitled to.
You agree that if you fail to comply with any of its terms or conditions, or that if you default on repayments, that you may render yourself liable to legal action, including Court Action and you agree to pay administrative expenses not exceeding 42% of the value of the loan to defray costs associated with the recovery of the outstanding balance of the loan.

All loans are subject to approval and availability of funds.

Your personal details will only be used in accordance with the Data Protection Act 1998.
Your personal details will only be shared with licensed credit reference agencies and for debt recovery purposes, should this be necessary.
We have a group life insurance policy that covers your loan in case of death. Subject to terms and conditions, restrictions apply based on age and cover limits.

Credit Reference and Fraud Prevention Agencies. We may make searches about you at credit reference agencies who will supply us with credit information as well as information from the Electoral Register. The agencies will record details of any search whether or not this application proceeds. We may use credit scoring methods to assist the application and to verify your identity. Credit searches and other information which is provided to us and/or the credit reference agencies about you and anyone with whom you are linked financially or other members of your household may also be used for debt tracing and the prevention of money laundering as well as the management of your account. In addition, we may ask you to provide physical forms of identification and/or we may telephone you to confirm your identity.

To prevent or detect fraud or to assist in verifying your identity, we may make searches of group records and at fraud prevention agencies who will supply us with information. We may also pass information to financial and other organisations involved in fraud prevention to protect ourselves and our customers from theft and fraud. If you give us false or inaccurate information, details will be passed to fraud prevention agencies. We may use this information if financial or motor, household, credit, life or any other insurance decisions are made about you or others at your address(es). This information may also be used for tracing and claims assessments and verifying identity.

Information held about you by the credit referencing agencies may already be linked to records relating to anyone with whom you have had a financial relationship such as a joint account.

Regulation. Eastern Savings and Loans Credit Union is authorised by the Prudential Regulation Authority and Regulated by the Financial Conduct Authority and Prudential Regulation Authority. Our FRN is 213756.

By confirming your agreement to proceed you are accepting that we may each use your information in this way.

OOA, DUP, NJNP