Car repairs

Starter Loan

Unsecured loan up to £1,500

Affordable alternative for small loans

if you have a lower than average credit score, and you’re faced with high-interest options, our Starter Loan has been designed to help. You can borrow between £500 and £1,500 (42.6% APR on the reducing balance), for an unexpected emergency, a household purchase or car repair. Apply today and once your application is received we aim to get a decision to you within 3 working days.


  • The quicker you repay, the less interest you pay
  • Loan paid direct into your bank account
  • Build your credit history

It is easy to apply

1. If you are not a member of ESLCU then you will need to complete an Online joining form, and pay your membership fee by PayPal or debit card by calling the office on 03336 000690, before applying for a loan.

2. Once you are a member, just answer a few short questions on our Online loan form. We aim to have a decision to you within 3 working days. You can apply for a loan the same day you join our Credit Union.

3. Set up standing order from your bank account for the amount you wish to repay.

You can join us online and apply for the loan the same day, all on our website. If you would prefer to do it on paper, you can also download the Membership application form, and Loan application form. Complete all the details then return it to us. 

You may need to provide proof of your income

  1. Payslips/proof of benefits for last three months
  2. Bank statements for the last three months
  3. Information on all existing loans, credit cards and other debts.

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.

Note: Failure to make scheduled loan repayments will lead to arrears action and may affect your credit history.


What is a Starter Loan?

A small loan from £500 - £1,500 designed to support people who may have a few issues on their credit file. 

Who can apply for a starter 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 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 received the confirmation of repayments and have the signed loan agreement back. 

Can I “top up” a starter 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 different loan with you?

As a member of our Credit Union can apply for any of our loan products. The amount we lend you will depend on your income and expenditure and passing a credit check. Please see our other loans to find the right product for you. 

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.

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