Holiday Loan - Eastern Savings and Loans
Holiday Loan

Get a Holiday Loan tailored for you

If you are thinking about a short break away or a longer escape we can get you there with a Holiday Loan. The flexibility of our Holiday Loan allows you to borrow an amount that exactly meets your needs. Having the funds available to pay for your holiday gives you the flexibility to shop around for your ideal holiday. So if you live or work in North Essex, Norfolk, Suffolk or Cambridgeshire, and are looking for a loan so you can afford a holiday, we are here to help.

  • Loan decisions by people not computers
  • Repayments weekly, or monthly
  • No setup fees or early repayment fees
  • A decision in 3 – 4 working days

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 does it work?

Join the Credit Union & apply for a loan in the Members Area. Once approved, sign the loan agreement and set up your repayments to your Credit Union account.  Your first repayment will stay in your Credit Union account available for you to withdraw. Your loan is transferred to your bank account same working day.

It is easy to apply

1. Check you are eligible & are a member

You must live or work in North Essex, Norfolk, Suffolk or Cambridgeshire, and have joined our Credit Union.

Note: We are unable to offer loans to anyone who is currently bankrupt, in a DRO, IVA or Debt Management Plan. We are unlikely to lend if you have undressed CCJs or have defaulted on current credit within the last 12 months.

2. Apply Online

Please sign into the Members Area to complete a loan application.
Please ensure you complete the Income & Expenditure part, we need to ensure the repayments are affordable based on your current financial situation.

3. Submit any additional information requested

Please look out for an email from the Loans Officer asking for additional information. We may need to clarify your income and expenditure via Consents.Online.

4. 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!

5. 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.

Note: Loan repayments are due during the whole term of the loan. Failure to make scheduled loan repayments will lead to arrears action and may affect your credit history.

FAQs

If you are a member of our Credit Union, you could have a loan for a holiday. This is conditional upon you setting up a standing order or payroll deduction into your account with us and passing our affordability and credit checks. 
Anyone who lives or works in North Essex, Norfolk, Suffolk or Cambridgeshire, or works for one of Payroll Partners like East Suffolk and North Essex NHS Foundation Trust or East of England Coop. (Full list of Partners) can join ESLCU and apply.
If your loan is approved, you will need to sign a loan agreement. We will release the funds the same day we confirm your loan 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
You can clear the balance of a loan at any time and we do not charge any fee for this.

Applications are currently closed until Wednesday 24th January while we switch over systems.

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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