Credit Union offers a new product for working people.

Credit Union offers a new product for working people.

It's been a tough few years and we've all had to watch the pennies as well as the pounds, and organisations like credit unions have played an invaluable role in helping many people make their money go further. Eastern Saving & Loans has therefore created a new product in response to the needs of local people.


The new Advantage Loan product is tailored for working people, to help spread the cost of life's little extras. With an APR of just 6.2% it undercuts many high street banks and supermarkets for loans between £2,000 - £7,000. It also comes with all the benefits associated with a Credit Union loan, no administration fees, or penalties for early repayments.


Eastern Savings & Loans Credit Union Ltd, has also teamed up with a range of employers to offer their staff simple savings schemes and affordable loans.  Employees can save as they earn, or borrow what they need, with all payments taken care of straight from their pay packet. It's a safe, secure and flexible way to put aside money and to know that it's there for sunny holidays or rainy days. By offering fair and transparent financial services tailored to benefit the local community and members, the Credit Union are able to assist residents of Norfolk, Suffolk and Cambridgeshire in their financial wellbeing as the economy recovers.


Many employers are pleased to be able to offer an ethical, mutual financial alternative to its staff. Because Eastern Savings & Loans is a credit union, it's 100% owned by its members. Any surplus that Eastern Savings & Loans makes can be shared with its members as a dividend at the end of the year.


If you'd like to know more, or you're interested in passing on the benefits of their 'fairer alternative', you can visit their website telephone them on01473 690690.