Christmas Loan - Eastern Savings and Loans

03336 000690

Members Area
Christmas Loan

Spread the Cost & Save for Next Year!

Loan Applications will close on Sunday 15th December. Any applications after this date may not be processed in time for Christmas.

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.

Do you live or work in Cambridgeshire, Norfolk, Suffolk or North and Central Essex? We offer a great way to save and borrow money, and you can access a range of other useful financial services to help you make the most of your money.

It is quick to apply for membership online, and you can apply for our Christmas Loan the same day you join our Credit Union through the Members’ Area. You just need to pay the Joining fee of £5 (£2 admin fee, £3 goes to your new Credit Union account) and then you can then apply for a Christmas Loan.

Membership Appliation

“The safety of my money and the help in the loans when needed. Would like to add whenever I’ve had to speak to staff they’ve always been fantastic, helpful and so polite”.

– Victoria, Member of ESLCU

Affordable Repayments

Not Available Online

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03336 000690

Representative
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

Please complete a membership application using the link below. Once you have completed a membership application, and paid the £5 Joining Fee (£2 admin fee, £3 opens your account), you can apply for a Christmas Loan via the Members Area.

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 them.

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.

Membership Application
Loan Application for Members

Please log into the Members’ Area to apply for a Christmas Loan.

You will need to know your Membership Number to log in.

FAQs

If you are a member of our Credit Union,  you could have a loan of up to £1,000 from us for Christmas. This is conditional upon you setting up repayment via Child Benefit, Direct Debit 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.
Join Credit Union
Members’ Area to apply for a Christmas Loan
Christmas Saving

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Member of ABCUL

Members of ABCUL

All funds are FSCS protected

Your money is protected up to £85,000

We are authorised and regulated by PRA

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

© 2025 Eastern Savings and Loans | We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulatory Authority. Our FRN is 213756.

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