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Loans What is a Saver Loan?

Our Saver Loans have two simple components to the repayments:

1. the loan repayment

2. a savings contribution

The loan repayment goes towards paying off your loan and the savings component is put into you own savings account and is held in there until the loan period has finished and you have repaid the money owed.

This means that our members have created a savings pot for themselves - often for the first time in their lives! So when the Saver Loan has been paid off, they can enjoy having a savings pot and hopefully get out of the cycle of being in debt.

If you would like to find out more about our Saver Loans - please click here!

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  • East Sussex Credit Union
  • Tel: 0300 303 3188
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Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority