What is a Holiday Loan?

If you our a member of our Credit Union, you could have a loan for 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. 

Who can apply for a Holiday Loan?

Anyone who lives or works in Norfolk, Suffolk or Cambridgeshire, or work for one of Payroll Partners like Greene King, East Suffolk and North Essex NHS Foundation Trust or East of England Coop. (Full list of Partners) can join ESLCU and apply.

My Holiday loan has been approved, how long before the funds are in my account?

If you 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.

Can I “top up” a Holiday loan?

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

Can I get a normal loan with you?

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.

Can I pay my loan back early? Are there any fees for this?

You can clear the balance of a loan at any time and we do not charge any fee for this.