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Loans

Borrowing From Your Credit Union

Loan Products

At New Easterhouse Credit Union we have loan products to suit all your needs. Applications can be made at any time and we will always look to help our members in the best way that we can. Each application is considered in its own merits and every effort will be made to accommodate the member’s needs and requirements. All of New Easterhouse Credit Union loan decisions are based on the member’s ability to repay the amount borrowed.

Loan Application form available online.

Loan Interest is 14.93% on a reducing balance.

To apply for a loan members must Provide/ Upload one month’s bank statement and proof of income.

Emergency Loan

We all have those times in our lives that something goes wrong.

Loan Protection / See insurance

When you borrow from New Easterhouse Credit Union your loan is protected by CUNA Mutual insurance at no cost to you. The Credit Union pays for this member benefit FREE OF CHARGE to all borrowers.

Loan Protection provides peace of mind to members and their families in the event of your death. Your loan would be cleared subject to terms and conditions.

Benefits of Borrowing from New Easterhouse Credit Union

  • Simple application process with fast and efficient lending decisions
  • Very competitive interest rate
  • Free loan protection insurance
  • Payments and terms to suit you
  • Open and transparent loan forms with all information explained at time of issue
  • Loan can be transferred straight into a bank account of your choice
  • Loans can be paid either by standing order or directly in person at the front desk
  • Must have ability to pay loan via online banking.
Loan application process

How It Works?

1. Apply online

Login to this website and use our loan application form.

2. Get your answer

We aim to get to back to all enquiries by the next working day.

3. Sign agreement

Pop in to our office and sign your loan agreement.

4. Get your loan

You can have the money in your account the same day.

Example repayment calculator

Loan type
 
Amount to borrow?
 
Payback over how many months
 
Example repayment amount*
Repayment amount
 
Interest amount (or the cost of borrowing)
 

* These amounts are only an example, for a detailed guide of how your loan can be repaid please contact the Credit Union. We charge interest at per month or APR for that loan.