Loan Products & Applying For a Loan
At Enterprise Credit Union we offer low cost loans with no hidden costs and no arrangement fees, together with free Loan Protection Insurance. We take each person and their application on its own merit and we will always try our utmost to help, wherever possible.
Before you apply, we ask you to first consider if you can afford the repayments. Find out now by taking a quick look at your budget, you can do this using our Budget Planner tool.
Loan applications can be made online, using our mobile app or over the telephone, alternatively you can apply in one of our branches, you can find all locations here. Please see our loan products below for further details and eligibility before starting your application. Watch the video above to see how to apply using our mobile app!
Download our new loan policy for information on our available loan products: Click to Download Loan Policy (PDF)
We offer a Starter Loan up to £1000* to people wishing to join the credit union. These loans are charged on a reducing balance (27.85% APR) Terms and conditions apply on these loans.
Loyalty Loans are available to our members who have saved for a minimum period of 10 weeks and are applied for via our standard loan form. These loans are charged on a reducing balance (14.93% APR).
Members can apply for an Advantage Loan as long as they have been a member of ECU for at least 4 years with a previous good loan history within the Credit Union. These loans are charged on a reducing balance (14.93% APR)
Loyalty Plus Loans
Members can apply for a Loyalty Plus Loan as long as they have been a been a member ECU for at least 5 years. Members must have at least £1,000 in their share account. Members must have had at least two loyalty loans with ECU.
Value of Shares Loans
These loans are charged on a reducing balance (8.30% APR). Members can apply for these loans up to the value of their savings in their share 1 account and must have no other loans outstanding.