Our Everyday Loan is available to everyone eligible for membership of Norwich Credit Union, and successful applicants will become members of the credit union. Anyone who lives or works in the county of Norfolk, or within an NR postcode area, is eligible for membership. Interest on the Everyday Loan is charged at 3% per month (42.6% APR) on the reducing balance. One of the conditions of the Everyday Loan is that borrowers must save as they repay their loan. You can apply to borrow any amount between £300 and £1000 and we grant loans for provident and productive purposes. Our full loan policy can be found within our Policy Manual.
Please note, we are unable to offer our Everday Loan to anyone who is currently bankrupt, in a DRO, IVA or Debt Management Plan. We are also unable to lend if you have unaddressed CCJs or have defaulted on current credit in the last 12 months.