01603 212465

Wherry Dragon Credit Union,

Room 15, City Hall, St Peters Street,

Norwich, Norfolk, NR2 1NH

Applying for a New Employee / Starter Loan

Borrow from £300 to £500

Our New Employee Starter Loan can help with an instant loan to bridge the financial gap until you receive your first wage. It provides money to help pay bills, buy food and any travel to work costs.


It is also great way to become part of the Wherry Dragon Credit Union and provide financially for you and your family in the future. Just one simple membership and loan application form to complete.


Conditions


You must work for one of our partner organisations, and be recently employed.

Your employment must be permanent.

All payments to be made by payroll.

The loan must be repaid over 12 months.

You must save £10 a month or more on top of your loan repayment.

You are not eligible for any other loan until this loan is repaid in full.

Benefits

• Free Loan Protection

• Free Life Savings

• Fixed interest rate of 26.82% APR

• Your savings grow as you repay the loan

Examples of Loans and Repayments

  Loan Amount     Payroll Deduction     To Savings     Loan Repayment     Total Interest  
£300 £39.00 £10.00 £29.00 £39.48
£400 £50.00 £12.00 £38.00 £53.56
£500 £65.00 £17.00 £48.00 £66.28
LOAN APPLICATION FORM

Wherry Dragon Credit Union Ltd.

Registered Office : Room 15, City Hall, Norwich, NR2 1NH.

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