CREDIT UNION - EASTERN SAVINGS AND LOANS
The great loans and safe people.
For everybody in Suffolk, Norfolk and Cambridgeshire.
Who are Eastern Savings & Loans?
We do fantastic loans with great interest rates, and we offer savings which you can get a dividend on (instead of a standard interest rate). How do we offer what the banks can’t? Because we’re not a bank. We are a non-for-profit co-operative. We exist to cover our costs, help you keep your money secure and borrow money fairly and safely.
Our loans are quick to apply for and we don’t hassle you or try to sell you products you don’t want – because we are not a bank. We are a not-for-profit lender. What does that mean?
We are not here to make money off of you, we are here to simply help you get access to the credit you need/want. We offer a range of loans from as little as £500 over 6 months, up to £7000 over 5 years – with interest rates of only 0.5 – 3% per month.
To put this money and bank speak into real terms – you can borrow £4000 easily over two years, with repayments of £177.32 per month (with interest of £255.52). That means the total repayable at the end of the two years is just £4,255.
Instead of paying a basic interest rate we offer a return on your savings based on the Credit Union’s profit. We don’t take the extra money we make for bonuses – we pay it straight back to you.
You can access and manage your savings easily either in one of our branches, online or with our soon-to-launch mobile app. You can find more on all or our savings here.
There is an access point at Sudbury Town Council. They are based in the Town Hall, Sudbury and staff can help you set up a credit union account, and can also take your account payments.
For more information visit the website at www.eslcu.co.uk
Deposits are protected by the Financial Services Compensation Scheme
* Authorised by the Prudential Regulation Authority (PRA) and authorised and regulated by the Financial Conduct Authority (FCA) FRN 213756*
Registered under the Co-operative and Community Benefit Societies and Credit Unions Acts No 658C.
Head Office: 61-63 Austin Street, Ipswich, Suffolk. IP2 8DF