Loyalty Plus Loans
- Members can apply for a loyalty plus loan as long as they have been a member ECU for at least 5 years.
- Members must have at least £1000 in their share account.
- Members must have had at least two loyalty loans with ECU.
- Members must have good payment history and affordability, Members can apply for 5 times their shares, loans can be applied from £5000 up to £15,000 on maximum loan term 7 years.
- Top ups on these loans will only be considered after 20 weeks of regular loan repayments.
- A minimum of £1000 must be repaid for a top up can be considered
- These loans are charged at 0.70% per month on a reducing balance (8.83% APR).
Whilst every care has been made in the production of this document, the Credit Union, or its staff, cannot be held responsible for any omissions, errors or other mistakes made herein. This document is for illustrative purposes only, so as to give you, the borrower, an overview of the potential cost of borrowing. ECU would be happy to give you a tailor-made quote to suit your borrowing needs.