New Coastal Loan with Norfolk First Credit Union
Borrow from £200-£500.
Our Coastal loan is exclusively for those living or working within 10 miles of the coast in Norfolk and who are not already a member of Norfolk First Credit Union.
Eligibility criteria
You must have completed a Coastal Loan Application Form
You must live or work within 10 miles of the coast in Norfolk
The loan must be repaid over a maximum term of 12 months
You must save £10 a month on top of your loan repayment
You may apply for a top up to your loan after making 3 monthly repayments
Key points
• Free Loan Protection
• Free Life Savings
• Fixed interest rate of 42.57% on the loan
• Your savings grow as you repay the loan
How much will it cost?
Choose a loan of £200-£500 over a term of 6-12 months
| Term | 6 months | 9 months | 12 months | |
| Loan Amount | To Savings (minimum) | To Loan Repayments | To Loan Repayments | To Loan Repayments |
| £200 | £10 | £37 | £26 | £21 |
| £300 | £10 | £56 | £39 | £31 |
| £400 | £10 | £74 | £52 | £41 |
| £500 | £10 | £93 | £65 | £51 |