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Starter Loans

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 (25.36% APR) Terms and conditions apply on these loans. We may also be able to offer you a Starter loan along with your Loyalty loan please ask a member of staff for details.

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Starter Loan 22.82% (Monthly)

Monthly Payment: £93.99

Total Payments: £1,127.87

Total Interest: £127.87

Starter Loan 22.82% (Every Week)

Weekly Payment: £21.55

Total Payments: £1,120.62

Total Interest: £120.62

Starter Loan 22.82% (Every 2 Weeks)

Weekly Payment: £43.18

Total Payments: £1,122.80

Total Interest: £122.80

Starter Loan 22.82% (Every 4 Weeks)

Weekly Payment: £86.70

Total Payments: £1,127.15

Total Interest: £127.15

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.