Christmas Loan - Eastern Savings and Loans
Christmas Loan

Applications for 2023 are now closed

With our ethical and affordable Christmas Loan, you can spread the cost, and save for next year all from the same payment. We take into account a range of employment situations, incomes and credit histories.  All loans are subject to a manual decision process, affordability and a credit check.

You can apply for our Christmas Loan the same day as you join our Credit Union. If you are looking for a loan to help spread the cost of Christmas, and live in North or Central Essex, Norfolk, Suffolk or Cambridgeshire. Please see the full list of all the Essex Post Codes we cover.

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.

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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.

How to apply for a Christmas Loan

Join our Credit Union using the link above. Once you have completed a membership application, you can apply for a Christmas Loan.

We may ask you to give us read-only access to your bank statements through our trusted partner Consents.Online, this allows our loan officer to see the past ninety days of your bank statement over a secure connection. Alternatively, you can provide printouts of your bank statements, but this will take a few days longer to process while we wait to receive these.

If approved, we will send you a digital loan agreement to sign, with instructions on how to set up repayments to your Credit Union account. 

Your first repayment will stay in your Credit Union account available for you to withdraw. Your Christmas Loan will be transferred to your bank account the same working day we receive both the signed agreement and confirmation of repayments. After we take your loan repayment you can save for next year with our Christmas savings account.


If you are a member of our Credit Union,  you could have a loan of up to £1,500 from us for Christmas. This is conditional upon you setting up repayment via Child Benefit, Standing order or payroll deduction into your account with us and passing our affordability and credit checks. All Christmas loans need to be repaid in 12 months. 
Anyone who lives or works in Norfolk, Suffolk, Cambridgeshire, North or Central Essex or works for one of Payroll Partners can join ESLCU and apply. Please see our Full list of Partners or Common Bond Page to check the areas we cover.
If your loan is approved, you will need to sign a loan agreement. We will release the funds the same day we confirm repayments and have the signed loan agreement back.
You can top up your loan when you have paid ½ of your original loan. You can track the balance of your loan by registering for online banking, or calling us on 03336 000690
Once you have repaid ½ of your original loan, you will be eligible to apply for a starter loan. The amount we lend you will depend on your income and expenditure and passing a credit check.
When making repayments for a Christmas loan you can also save for next year. Part of it will be used to make your loan repayments, the remaining will be paid into your share account. We will then transfer it into your Christmas saving account if you would like.
You can call us on 03336 000690 or register for online banking and request a transfer. All transfers are normally processed within 2 hours.
You can clear the balance of a loan at any time and we do not charge any fee for this.
It is unlikely that we will lend to someone who is currently in or has recently exited from a Debt Restructuring Order (DRO), Individual Voluntary Arrangement (IVA) or bankruptcy. You can open an account with us and use it as a rainy-day fund.

Our other Loan products

Find the right loan for your needs

Child Benefit Savings and Loan Plan
Child Benefit Savings and Loan Plan

We take into account a range of employment situations, incomes and credit histories.

White Goods Loan
White Goods Loan

We work with you to set up repayments you can afford at a frequency that suits you.

Christmas Savings Account
Christmas Savings Account

Save regularly or as and when you can. You can sign up online.

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