Personal Loans

Case Study

"Without Foundation East we would have been in a really difficult position. It might seem a small thing from the outside, but for our family a bridging loan made all the difference."

"The Foundation East loan has bought me time to get my finances in order and thanks to them I will even be in the position to start saving soon."

Some of the reasons clients borrow from us:

Back to work loans

Interview clothes
To get your car back on the road
To fill the gap until your first pay arrives
Education and training

Home and family loans

Rental deposits
Replacing old appliances
Unexpected expenses
Special occasions like marriage or the birth of a new baby

Also debt consolidation

Get yourself back on track by consolidating your debts and making one affordabl monthly repayment

We will consider your circumstances and only lend you an amount that we feel you can afford to repay.

Foundation East

Foundation East is working in partnership with Housing Associations to provide loans to their tenants.

We lend to individuals who are unable to borrow from the bank. We will only lend an amount that you can afford to pay. Loan purpose will vary but may include loans for nursery fees, rental deposits, debt consolidation, interview clothes, appliances or for money to tide you over until your first pay cheque. Loans will be repayable on a monthly basis.

How to apply:

Colchester Borough Homes – tenants please call 01206 506947; fax 01206 506924;
email – cbh@colchester.gov.uk

Colne Housing Society tenants, please call Colne Housing customer services direct on 01206 244700; fax – 01206 760403;
email – info@colnehousing.co.uk

Havebury Housing Partnership tenants, please call Havebury on 08456 123851 to confirm that you are claiming all the benefits you are entitled to. Then contact 01284 757777 to make an enquiry; fax 01284 722156 – enquiries@havebury.com

Suffolk Housing Society tenants, please call 01284 757777.

Suffolk Housing Society – 01284 767224; fax 01284 701573:
email; - office@suffolkhousing.org

Repayment examples:

Loan amount	Term	APR	Repay fortnightly	Repay monthly	Total repaid
£500	1 year	26.8%	£23.64	£47.28	£567.37
£1500	2 years	24.3%	£38.91	£77.82	£1867.55

Borrow £500 for one year (26.8% APR) repay £23.64 fortnightly or £47.28 monthly, for a total repayment of £567.37.

Borrow £1500 for two years (24.3% APR) repay £38.91 fortnightly or £77.82 monthly, for a total repayment of £1867.55.

Our competition includes Provident Personal Credit - Typical APR quoted by Provident Personal Credit is 183 - 2% (www.providentpersonalcredit.com - 23/04/08)

Please note: We will require proof of your identity, proof of your address and evidence of your income. To be considered for a loan you must have a current bank or building society account in your own name. If you do not have an account we can help you to open one with a local bank or building society who will also require proof of identity.

Credit Unions

If you are not housed by one of these Housing Associations your local credit union may be able to help you.

Try Ipswich and Suffolk Credit Union if you live or work in Suffolk. Tel: 01473 690690

www.onesuffolk.co.uk/ipswichandsuffolkcreditunion.

Try Rainbow Savers Anglia Credit Union if you live or work anywhere in East Anglia. Tel: 01502 584854