Loyalty Loans
Borrow against your savings with our Loyalty Loans
Maintain your savings and continue to attract a dividend
Loyalty Advance Loan
Members with over £100 savings can use these savings as security to borrow at a representative 5.9% APR – our lowest interest rate.
Loyalty Plus Loan
A loan that is double your current savings balance (from £100 to £7,499). Secure a highly competitive rate and borrow against your savings.
Yes
From £100 to £25,000
From £100 to £7,499
3 months to 15 years
3 months to 5 years
5.9%
9.9%
- Members continue to meet their regular savings at the same time as repaying their loans, building up a nest egg for when the loan is paid back.
- As a responsible lender, all loan decisions at EuroTrust Credit Access are made based on your income, expenditure and ability to repay.
- * Interest Savings Accounts may be paid an annual dividend based the previous years profitability.
- In order to comply with money laundering regulations, before we provide any service, we may search the records of one or more registered credit reference agencies who will provide us with information from the Electoral Register and any other data appropriate to the search.
- ** Subject to loan terms and conditions.
- Loan terms and conditions
- All loans are subject to credit and affordability checks and our lending criteria.
Select ‘Loyalty Advance Loan’ in the calculator below to see our repayment guide.
This summary is for illustrative purposes only, so as to give you, the borrower, an overview of the potential cost of borrowing. EuroTrust Credit Access cannot be held responsible for any errors or omissions. Please note your final payment may be at a reduced amount. Only loans over £15,000 can be repaid up to 10 years. All personal loans below £15,000 have a maximum repayment period of 5 years.
How to apply
Existing Members:
Prefer to speak to us?
Good to know
Learn more about how loans work.
As a member you can submit a loan application at any time. There is no membership qualifying period for our loans and loans are not linked to the amount you have saved with us (with the exception of our Loyalty Advance Loan).
Yes! You can submit a loan application online and become a member at the same time. You’re also welcome to give our Member Enquiry Line a call on [phone_no] and one of our advisors can explain more about EuroTrust Credit Access and borrowing from us.
No, we do not have any set up fees or administration charges for our loans (excluding mortgages).
Yes, you can repay your loan in full at any time without penalty. You can also make additional deposits to reduce the value of your outstanding loan at any time – again without penalty. The interest on your loan is calculated daily on your reducing loan balance and so as your loan balance decreases, the amount of interest due also decreases.
Most people repay by direct debit. If you work for one of our select partner employers, your loan repayments will be made directly from your wages or salary each pay day via payroll deduction. Additional payments can be made by debit card or cheque deposit.
You can apply to borrow as much or as little as you need. Our maximum unsecured loan is £35,000 and the minimum amount £50. All loan decisions are based on your income, expenditure and your ability to repay.
An added benefit of membership, aimed at providing peace of mind for you and your loved ones, the credit union provides a free loan protection insurance for members up until their 70th birthday. This could see your loan paid off in the event of your death. Further information on the insurance and the current level of cover provided can be found here.
We do not front load interest at the start of your loan. Instead, interest on EuroTrust Credit Access loans is calculated on a daily reducing balance basis. As a result, with each repayment you make, the interest which has accrued since your last repayment is cleared and your loan balance reduces. Interest will then be calculated on the reduced balance. As your loan progresses, your outstanding loan balance will continue to reduce and you will therefore pay less interest. We believe this to be the fairest way to charge interest.
At EuroTrust Credit Access we have duty of care to our members when it comes to lending. We give every loan application we receive careful consideration and make a decision based on the income, expenditure and overall ability to repay the loan. We have a duty to each loan applicant to ensure that any loan approved, does not result in them facing financial difficulties and a struggle with repayments. If we reject an application, this will be following an assessment of the application by our personal lending team. A loan refusal simply means that on this occasion we feel unable to offer the amount of loan that has been requested. In some circumstances, we may offer a reduced amount.
Our loan terms and conditions can be found here
