Ellesmere Port and Neston Credit Union Reviews, Loan Calculator and Complaints

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Acceptance Criteria

You need: full details of your income and expenditure
You don't need to have a good credit history
You need to be 18 years of age

It doesn't matter if you are employed, unemployed, on benefits, a carer, a homemaker or on Job Seeker's Allowance, anyone can apply
You don't need to have been a UK resident for any specified length of time
You don't need to have a bank account

You must be living, working, volunteering or studying in the Borough of Ellesmere Port & Neston to become a member

Loan Details

Representative APR

12.68%

Loan Amount

£50 - £5,000

Repayment Period

Minimum term 1 month

Loans up to £5,000 - 5 years

Repayment Method

Cash or cheque at a collection point

Cheque posted to the office

Standing Order

PayPoint Card

Payroll Deduction

Speed To Payout

Under £500 - 5 working days

Over £500 - 10 to 15 working days

Arrangement Fee

No Fee

Payment Holidays

None Available

Payout Method

Cheque payable to you

Cheque payable to someone else

Transferred into your bank account

Cheque made out to cash

Income Protection Available

No

Areas Covered

Chester
Liverpool

Average Customer Review

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Loanfinder Ranking

122nd for APR of 423 loans in the UK (See Lender League Table By APR)

About Ellesmere Port and Neston Credit Union

You must be living, working, volunteering or studying in the Borough of Ellesmere Port & Neston to become a member.

Credit Unions offer a few different unsecured loans for any purpose. Their loans are fairly cheap and are based on your proven ability to repay, this is why they do a thorough check of your income and expenditures. You need to be a member and you can apply for a loan after saving with the union for 12 weeks.

First you will need to become a member of the union. To apply for a loan, you need to complete an application form (see example below) from the collection point or office, or you can download it from their website. Loan officers will review your application and they will let you know their decision within a few days and then you will be asked to sign the loan agreement.

If you are applying for amounts under £500 and they do not require you to provide any other information a decision should be available within 5 working days. For loans over £500 it can take 10 to 15 working days for them to decide. You cannot manage your loan online so if you need to make changes, you will need to contact them in writing or pop into a branch. With credit unions, the money you are borrowing is the money of other members, so if you fail to make payments, they take this very seriously. Their opening hours are very limited, which makes it difficult for you to go in to organise all your documents and sign your agreement. On the other hand, they want to help you rebuild your finances if you haven't got a good history. Their rates are extremely low and their repayments are really small each month.

Ellesmere Port Office
Monday, Wednesday and Thursday: 10:00am - 1:00pm
Tuesday: 10:00am - 2:00pm
Friday: CLOSED

Neston Library Office
Friday: 10:30am - 11:30am