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Loan Products and Applying For a Loan

Enterprise offer low cost loans with no hidden costs and no arrangement fees, together with free Loan Protection Insurance. At Enterprise Credit Union we take each person and their application on its own merit and we will always try our utmost to help, wherever possible.

We would ask you to consider firstly if you can afford the repayments. Find out now by taking a quick look at your budget. Click on this link to find out more https://www.moneyadviceservice.org.uk/en/tools/budget-planner/short-form/edit/money-in

Loan applications can currently be made by visiting any of our six branches, you can find details of these branches here. Please click on the loan products below for further details and eligibility before calling into branch.

Download our new loan policy for information on our available loan products: Click to Download Loan Policy (PDF)

Starter Loan

We offer a Starter loan up to £1000* to people wishing to join the credit union. These loans are charged at 2% per month on a reducing balance (25.68% APR) Terms and conditions apply on these loans.

Loyalty 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 at 1% per month on a reducing balance (12.68% APR).

Advantage Loans

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 at 1% per month on a reducing balance (12.68% 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 at 0.50% per month on a reducing balance (6.34% 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.