Starter Loan - Eastern Savings and Loans
Starter Loan

Small loans you can repay early without any fees and support your local community at the same time!

Our Credit Union starter loan is designed to provide you with a small affordable loan, just for the amount you need. You can pay back the loan on a day of your choice, weekly, or monthly. You can do this by Direct Debit, or by Standing Order. As a local member cooperative, we are here for you, our members. All of our loans come with the added bonus that you can make extra repayments or pay back the loan early without any extra charges. In fact, you will pay less interest!

  • Open to members only
  • Support your local community
  • Apply for a loan the same day you join via the Members’ Area
  • The quicker you repay, the less interest you pay
  • Loan paid directly into your bank account
  • Build your credit history
Not Available Online

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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.

It is easy to apply for a Loan

1. Apply For Membership

As a local member cooperative, you’ll need to fill in an Online Membership Form and pay your Membership Fee by Paypal or Debit Card by contacting us on 03336 000690 before applying for membership. All our members benefit from our success and receive dividends on any savings!

2. Apply for a Loan

Once you’re a member, log in to the Members Area, follow the prompts on the welcome email and fill out the Loan Application form and we’ll try to have a decision back for you within 2-3 business days. You can start applying for a loan on the same day you apply for a loan with our Credit Union.

In order for us to conduct our affordability check, you will need to provide us with evidence of your income & expenditure. We will request that you provide us with read-only access to your bank statement through our reliable partner, Consents.Online. By submitting your bank statements online, our loan officers will be able to view the last 90 days of your statements over a secure encrypted connection. You can also upload PDF’s of your statements.

3. Keep updated

The Members’ Area will let you know how your loan application is doing and if you’d like to check your email for your loan agreement or if there’s anything else we need to know!

4. Sign Your Agreement & Set up repayments

We will send you an email once we have made a decision on your application. If you qualify, you can easily schedule repayments on a date that works best for you through Direct Debit or Standing Order. You can save while paying down your loan, building a savings pot in the process!


It is a small loan from £300 – £2,000 designed for local people who need a small loan with affordable interest.
Anyone who lives or works in North or Central 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 us and apply.
If your loan is approved, you will need to sign a loan agreement. We will release the funds the same working day we receive confirmation repayments are set up and have the signed loan agreement back. 
You can pay off your loan balance at any point in time or pay a lump sum, and we don’t charge you for this option.
Once you have repaid more than half of your loan repayments, you will be eligible to apply for a loan top-up. You can monitor your loan balance online by logging into the members’ area or by calling us on: 03336 000690.
You can apply for any loan product through our Credit Union. The amount you can borrow depends on your income and expenses and if you pass a credit check. Check out our other loans to see which one is right for you.
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.

If you can’t find the answer here, please get in touch and we’ll be happy to help

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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