EasyPlan Loan

Try our loan calculator for an idea of your loan repayments and interest. Select the value of loan required and the number of months to repay. the interest rate is 30% on the decreasing balance (34.5%APR).This loan payment calculator is for illustration purposes only. Loan offers are subject to status and affordability.

Apply for a loan

Not yet a member of Advance Credit Union? Not to worry, you can still apply for a FirstChoice loan! If you are granted a loan you will automatically become a member.

“I have two loans each year; one for Christmas and another for the children’s birthdays. And I know my savings are kept safe for when I need them”

Our loans are the most competitive in the market, see how a £500 loan compares with other lenders:


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APR (rep)

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Our rates are fixed at 2.5% per month (typical 34.5%APR)

There are no surprises – our rates are fixed and won’t increase during the term of your loan.
Average first loan is £300-£400

Repayment term is 10 or 12 months.

EasyPlan loans are subject to affordability check.

Unsure if you can afford to borrow with AdvanceCU? Try our Budget Planner to ensure you can afford repayments of your EasyPlan loan.

You will build up a history of saving and borrowing with Advance Credit Union as you repay your EasyPlan loan which will qualify you for a lower interest rate and lower weekly repayments.

Build up your savings too and you may become eligible for a Select Loan at even lower rates!


  • Fixed interest rate during the term of your loan
  • The quicker you repay, the less interest you pay.
  • Free money health check; we will let you know if we spot any concerns about your finances
  • Save-as-you-borrow £3 per week added to your savings
  • Free life insurance (conditions apply)
  • Increase your borrowing up to £750 now up to £1000 (conditions apply)
  • Top Ups permitted when loan balance is £200 or less (Excluding first loan. Max 3 per year)
  • Build up your savings and become eligible for a Select Loan
  • Loan amount paid direct into your bank account or onto a PrePaid Card
  • Repay by payroll deduction, benefits, standing order
  • Boost your credit history

There are three ways to apply for loan:

  1. Log in to internet banking (not compatible with mobile devices)
  2. Complete and return a Loan Application form, download here
  3. Online application form

Apply for a loan

You can bring your Loan Application form to our Erdington office details at the bottom of this page.

You will also need to supply Bank Statements for the last three months.

We will send you an email or text message when your loan decision is made, Decisions are usually made within three days, but it can take up to 7 days for a loan decision depending upon demand.

If you have an email address we will email the loan agreement for you to sign, plus your repayment schedule.

Please also be sure to read our Loan Guidelines