Quick and Easy Personal Loans for Your Financial Needs
Our personal loans are designed for a variety of needs. Whether you’re looking for a small loan to help improve your credit history, or a larger, ethical loan you can repay early with no additional fees, we have a loan for you.
Borrow from £300 to £4,000 with flexible repayment terms. You can pay off your loan early with no extra fees and build on, or maintain, a good credit history – all whilst supporting your local community!
For Our Community
Our credit union Personal Loan is designed for those living, working, studying or volunteering in Norfolk, Suffolk, Cambridgeshire, or North and Central Essex.
No Set Up or Early Repayment Fees
Our loan products, including the Personal Loan, have no hidden fees and you can pay off your loan early without penalty. You are also welcome to make additional payments if and when it suits you. Doing this reduces the interest you pay too.
Clear Rates, Always
As an ethical credit union we work with honesty and trust. This means we prioritise transparency by clearly disclosing our loan rates at all times.
Quick Decisions
Once you become a member of ESLCU, you can apply for a Personal Loan. Our loan decisions are typically made within 3-4 working days, and you can check on the status of your Personal Loan application at any time through the Members Area.
Flexible Repayments
Pay back your credit union Personal Loan in a way that suits you. We offer monthly or weekly repayment options across all of our loan products.
Fill in the membership form on our website. Please note, there is a recurring membership fee of £1 every 4 weeks for all of our accounts.
Pay £5 using PayPal or GoCardless (you’ll see the payment page after submitting the form).
Once approved, you’ll get an email with your membership number, account details, and information about us.
Once you join, you can apply for a loan in the Members Area. Loan decisions are typically made within 3-4 working days
Use our loan calculator to estimate your repayments based on the loan amount, time, and interest rate. It’s an easy way to plan your finances and make informed decisions before applying for your Personal Loan. Start calculating today and see how much you could borrow!
To apply for a Personal Loan, you must live or work in North or Central Essex, Norfolk, Suffolk, or Cambridgeshire, or be employed by one of our Payroll Partners, such as East Suffolk and North Essex NHS Foundation Trust or East of England Coop. You must also be an ESLCU member.
You can apply for any loan product through ESLCU. The loan amount depends on your income, expenses, and passing a credit check. Explore our other loan options to find the one that best suits your needs.
Once your loan is approved, you’ll need to sign the digital loan agreement. The funds will be released the same day we receive confirmation repayments are set up, along with the signed loan agreement.
Once you’ve repaid more than half of your loan, you can apply for a loan top-up. You can track your loan balance online through the Members Area or by calling 03336 000690.
Yes! You can make one-off or regular additional payments, or pay off your loan early without any extra charges. Interest is calculated on the reducing balance, meaning the more you repay, the less interest you’ll pay. This gives you flexibility to manage your loan in a way that suits you.
If you have recently completed a Debt Restructuring Order (DRO), Individual Voluntary Arrangement (IVA), or declared bankruptcy, it’s unlikely that you will be eligible for a loan. However, you can still open an account with us and use it as a “rainy-day” fund.
Experience Financial Freedom with Our Trusted Credit Union Services
