Personal Loans
Borrow from £50 to £35,000.
From 7.9% APR.
Personal Loans
Borrow from £50 to £35,000 | From 7.9% APR
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.
Benefits
- Competitive interest rates from 7.9% APR
- Borrow as little as £50 up to £35,000
- Repay early without penalties, putting you in control
- Quick decision
- Flexible loan repayments up to 10 years *
- All members save at least £15 per month alongside your loan - building up a nest egg to enjoy once your loan is repaid
- No admin charges
- Free loan protection insurance for peace of mind **
* Normally loans over £15,000 can be repaid up to 10 years and personal loans below £15,000 have a maximum repayment period of 5 years.
** In the event of your death, your loan will be paid off in full (terms and conditions apply).
All loans are subject to credit and affordability checks and our lending criteria.
How to apply
New Members:
Existing Members:
Prefer to speak to us?
- Note: During the duration of your loan repayment, we lock in any current savings against your loan as security. This helps us with our initial assessment and loan liability but also continues our ethos of maintaining savings and having a pot of money available to you at the end of your loan. Members will be unable to withdraw shares which are held as security against unsecured borrowing unless in an emergency situation. In the event you require accessible savings, we offer a second share account to allow you to save and access your money whilst you have a loan.
Who we are
ETA is an award-winning and largest credit union in Scotland’s North East, Central, East and Borders regions. As a not-for-profit, we provide people-first banking to our community so that you can access ethical loans, save easily, and build financial resilience.
We only lend you what you can afford to repay. A credit union loan from us is based on your individual circumstances and assessed based on your affordability.
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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 +44 131 618 8796 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
