About Our Loans
Personal loans designed with you in mind
If you need a Credit Union loan that best suits you, we can offer a loan for; purchasing household goods, motoring costs, home improvements or even Christmas. Please Note: We are unable to lend for Debt Consolidation.
Our Credit Union loans are simple, straightforward and designed with our members’ needs in mind. We are a profit-sharing organisation. We are an ethical lender and we will only lend if you can afford the repayments. So if you live or work in North Essex, Norfolk, Suffolk or Cambridgeshire and are looking for a Credit Union loan we are here to help. Please see the full list of all the Essex Post Codes we cover.
- Open to members only (£5 Joining fee)
- Clear Rates
- A decision in 3 – 4 days
- Repayments weekly or monthly
- No setup fees or early repayment fees
- You do not need to register online to apply.
You do not need online access to apply for a loan, but you do need to be a member of Eastern Savings and Loans Credit Union.
How much will the repayments be?
* 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.
How do I apply for a Credit Union Personal Loan?
- Check you are eligible & are a member.
You must live or work in North Essex, Norfolk, Suffolk or Cambridgeshire, have joined our Credit Union and paid the Joining Fee (£5). Click here to join today. Join Our Credit Union
We are unable to offer loans to anyone who is currently bankrupt, in a DRO, IVA or Debt Management Plan. We are also unable to lend if you have undressed CCJs or have defaulted on current credit within the last 12 months.
- Apply Online
Please click on the below link to complete a loan application.
Apply for a loan
Please ensure you complete the Income & Expenditure form, we need to ensure the repayments are affordable based on your current financial situation.
- Submit any additional information requested
Please lookout for an email from the Loans Officer asking for additional information. We may need to clarify your income and expenditure via Consents.Online.
- Sign your digital Loan Agreement
We will email you a digital loan agreement. Please follow the steps on the email to submit your digital signature.
Remember to check the bank details on the agreement before signing!
- Money Received
If you are repaying by Standing Order, this needs to be set up. We will need to receive the first Standing Order before we will release your loan. The first Standing Order will credit your share account with us, where you can start saving as well as repaying your loan.
Our Loan products
Which one is best for you?
Child Benefit Savings and Loan Plan
If you have a few issues with your Credit File, we may be able to lend to you repaid from your Child Benefit.
Our Christmas Loan applications are open!
White Goods Loan
A small loan from £300 designed to help you get the essential appliances you need.
Top Up Loan
Top-up your existing loan when you have made more than half of the repayments!