AuthorisedbythePRA& Regulatedby the FCAFirm No214295
CARLOANAPPLICATIONFORM
PleasecompleteALLsectionsof theform inBLOCKCAPITALS.
Ifyouneedanyhelpincompletingtheform,stafforvolunteersinthecreditunionwill bepleasedtoassist.
PLEASENOTETHISFORM ISANAPPLICATIONFOR A LOANNOTA GUARANTEETHATALOANWILLBEGRANTED
- SUPPORTINGDOCUMENTS
2MostRecentPayslips
1MonthUpToDateBankStatement
If you are going to claim Income from Lodger/Other Residence,State/ Occupational Pension, Maintenance/CSA, Child Benef., Child/WorkingTax Credit, Incapacity Benefit, DLA/Carers Allowance or Housing Ben., up-to- date documents need to be provided along with the loan application form.
To enableyourapplication to beconsidered, pleaseensureyou haveenclosed therelevant documentslistedabove.
MEMBERDETAILS:*Pleasecompleteloanapplicationformandloanagreementformfully
Name…………………………………..……...... Membership number……………Payroll No:…………..
Address……………………………………………………………………………………………………......
……………………………………………………..Postcode……………………………………….
Doyou:OwnyourownhomeRentfromtheCouncilRentPrivatelyRent/PartownfromHousingAssoc.
Livewithparents
Time at currentaddress…………………(Iflessthan3years,please providedetailsofotheraddressesinthe past3years)
………………………………………………………………………………………………………………………………
Dateof birth…………………NationalInsurance number:HomeTelNo_E-mail Address……………………………………...... Mobile number…………………………......
EMPLOYMENT/BENEFITDETAILS
Employmentstatus* / employed / self-employed / unemployed / retiredNameofemployer…………………………………………...... ContractedFulltimePart time
Address of employer………………………………………………………………………………..Workphonenumber…………………………..Can youbecontactedhere? Yes No
No.of yearswithcurrentemployer…………..DateEmployed………………(Iflessthanoneyear,pleaseprovidedetailsof
Previous employment)……………………………………………………………………………………………………………
LOANDETAILS
Purposeofloan:......
ALOANWILLNOTBECONSIDEREDUNLESSIDDOCUMENTATIONCONFIRMINGPROOFOFIDENTITYANDPROOFOFADDRESSHASBEENPRESENTEDTOTHECREDITUNIONOFFICE.
Amountrequested ………………..Repaymentperiod………………….(MONTHS/YEARS)
Maximum lending (Up to£5,000) Repaymentperiod upto 36Months
IFAPPLICATIONISSUCCESSFULHOWWOULDYOULIKETORECEIVEYOURMONEY
PleasespecifyONEof thefollowing
CashchequeChequethroughthepost:Pleaseindicatepayeename(s)......
Directlyintoabankaccount
NameofBank…………………………….……………..A/cName………………………......
A/c Number:Sort Code--(COMPULSORY)
BankAddress: ……………………………………………………………………………...... (COMPULSORY)PLEASECOMPLETE THEBORROWER’SDETAILON THELOANAGREEMENTFORM i .e YOURNAME ANDADDRESSAS WELLAS SIGNINGTHE SIGNATURESSECTION INORDER TO RECEIVEYOUR LOAN CHEQUE OR MONEY TRANSFERREDINTOYOURBANKACCOUNT. (COMPULSORY)
DataProtectionStatement:Inaccordancewiththeprinciples oftheDataProtectionAct1998, wewill useyourpersonal detailsforthepurposesofmanagingyouraccountswiththecreditunion.Yourpersonal detailswillbe treatedconfidentiallyandwillonlybe sharedwithotheragenciesforthepurposes of creditreferencinganddebtrecovery,forwhichpurposeweholda CategoryFconsumercreditlicence.
ABOUTYOURFINANCEPlease,include allhouseholdincome and expenditure,plusbalancesofotherborrowings.*ProofneedstobeprovidedPleasespecifymonthlyamountPleasespecifymonthlyamountandwhois responsibleforpayment
Income / MONTHLY
£ / HouseholdExpenditure / MEMBER
£ / PARTNER
£
Salary/wages / Rent/mortgage
Salary/wages(Partner) / ServiceCharges
Mortgageendowment/paymentprotection
Income fromLodger/otherresidence* / Council tax
State/Occupational Pension* / HomeTelephone
ChildBenefits* / MobilePhone
Maintenance/CSA* / Internet
Child/WorkingTax Credit* / Electricity
IncapacityBenefit/ESA* / Gas
DLA/PIP* / Watersewage
CarersAllowance* / TVLicence
HousingBenefits* / TVRentals/Sky/Cable
TotalIncome / TravelExpense:/Petrol /Busfares
OtherLoans / MonthlyRepayment / BalanceOwing / RoadTax
OtherCreditUnionLoans / MOT/Service
CreditCardRepayment / ChildCare
HirePurchaseRepayment / CarInsurance
Catalogue/MailOrderRepayment / Maintenance/CSA
Bank Loan/CarRepayment / HomeInsurance (Building/contents)
OtherLoanRepaymente.g.(HomeCreditCompany / MonthlyShopping(food Toiletries)
LifeInsurance
CourtOrders / Clothing/Hair
PaydayLoans / Social
Anyotherloans / Other(pleasespecify)
Totalof Other Loans / TOTALEXPENDITURE
FORMALDECLARATION
Ideclarethat:(Pleaseread carefullybeforesigning.Askif anypart isnot clear)
1)Iamamnot*ingood healthandthat,I dodonot*requireregularmedicaltreatment.(*Ifyouarenotingoodhealth,pleasecompletethecreditunionmedicalformforinsurancepurposes)
2)Iamnotindebtedtoanyothercreditunion,bank orloanagency,eitherasaborrowerorguarantor,exceptasstatedabove
3)Iagreetopermitthecredituniontocarryoutacreditbureaucheck onmyselfiftheydeemitnecessary(NBAnegativereportwillnotnecessarilyeffect yourloanapplication)
4)IunderstandthatIwillberequiredtomaintaintheminimum savingslevel,underthisloanagreement,of£30.00
5)Ihavereadandunderstoodthedataprotectionstatementregardingdatasharingandagreetoinformationbeingsharedfornon-commercialprojectpurpose
6)IdonothaveanyCCJs(CountyCourtJudgements)[IfyoudohaveaCCJthiswillnotgoagainstyouwhenweassessyourapplication]
7)Ihavenotbeenbankruptinthelast5 years(ifyouhavepleaseletusknow)
8)Iamnotcurrentlyanunderchargedbankrupt
I declarethat theinformation I havegiven onthisformis, to thebestof myknowledgeandbelief, accurateand fullinformation. I understand that theprovision of falseinformation isfraudand thecredit union maytakeappropriateaction ifI amfoundto havedeliberatelyprovided falseor misleadinginformation.
Applicant’s signature…………………………...... Date……………………………….
Ifyouhavedeclaredyourpartner’sincomedetailsaspartofyouroverallincomeinapplyingforthisloan,your partnerwillneedtosignbelowconfirmingagreementfortheirinformationtobeusedinconsideringtheloanand itsrepayments.
Partner’s Signature: ...... Name...... Date......
(Pleasenotethatthisapplicationformwill notbeprocessedwithoutyour signatures)
OFFICIALUSEONLY:-Datereceived……………….ShareBalance:£………………. LoanBalance:£……………DepositMethod:StandingOrder/ PayrollDate ofLastLoan:Amount:£………………Date of LastDeposit…………………………….
Approved/ Refused / Referred:APPROVEDBY:Name………………………………………….Signature……………………………….Date…………………………………Name………………………………………….Signature……………………………….Date…………………………………
Name………………………………………….Signature……………………………….Date…………………………………
AuthorisedbythePRA andRegulatedby theFCAFirmNo214295
LOANAGREEMENT
Pleasecompletetheborrower’sandsignaturesectionofthisforminordertoreceiveyourchequeortopaymoneyintoyourbankaccount;fundscannotbereleaseduntilthisformissignedbyyou.(Compulsory)
LENDER’SDETAILS(“THELENDER”)
Thelenderisa CreditUnionregisteredunder theCreditUnionsAct1979whichgovernstheoperationofthisagreement
Name: LEWISHAMEMPLOYEESCREDITUNIONLtd
Operationaladdress:6 BROWNHILL ROAD, CATFORD, LONDON SE6 2EJ
RegisteredAddress:LEWISHAMTOWNHALL,CATFORD,LONDONSE64RU
BORROWER’S DETAILS(“THEBORROWER”)
Name…………………………………………...Membershipnumber…………………..Address………………………………………………………………………………………
…………………………………………………Postcode…………………………………
LoanNumber:…………………………
ThirdPartyPermission
Bysubmittingthis applicationform,youwill be indicatingyourconsent to receivingproduct andservice informationbyletter,phoneor e-mailfrom us and our partnersunlessyouhave
indicatedanobjection toreceivingsuch information bytickingtheabovebox.
(INTERESTONLOANSARECHARGED ON THEREDUCING BALANCE)
LOANDETAILS
Theamountborrowedunder thisloanagreement is£
TheTOTALAMOUNTOWING (“theLoan”) is:£
Themonthlyrate ofinterestis0.9 %%
TheANNUALPERCENTAGERATE(APR) is10.5 % %
Theloanwillberepaidby thisnumberof
weekly/monthly*repayments©
Theamountofthe weekly/monthlyrepayment willbe:£(D)
TOTALAMOUNT PAYABLE(includinginterest)(seeterm 6)£(©xD)
Increased interest rates - (after 2 months with no log book)
£
26.8%2% per month
TERMS OF THEAGREEMENT:-
1.TheLenderwilllendandtheBorroweracknowledgesthattheyhavereceived,thesumborrowedunderthisagreement.TheBorrowerwillrepaytheLoan(i.e.theTotalAmountOwing)bytherepaymentssetoutintheloandetailsabove,includingInterestchargeddailyontheunpaidbalanceoftheloanandanyunpaidinterestataratenotexceeding0.90%permonth,thatisanANNUALPERCENTAGERATE(APR)of10.5%
2.TheBorrowerhastherighttosettletheAgreementearlyatanytimebypayinginfullthebalanceoftheLoanandanyunpaidinterestoutstanding. TheLenderwill,onrequest,providetheBorrower
withawrittenstatementofthesumswhichhavebeenpaidandwhichremainoutstandingundertheagreement
3.TheBorroweracknowledgesthatthedetailsgivenontheLoanApplicationforthisagreementarecorrectandwillinformtheLenderimmediatelyofanychangeinfinancialcircumstances,whichmayreducetheirabilitytorepaytheLoan,orofanychangeintheiraddress
4.IftheBorrowerfailstopayanyamountduetotheLenderunderthisagreement,orbreachesanyofitsterms,theLenderhastherighttodemandearlyrepaymentofallorpartofthebalanceoftheLoanoutstanding,togetherwithanyunpaidinterest.TheLenderwillgivetheBorrowerwrittennoticenotlessthansevendaysbeforetakinganyactiontorecoveranysuchsum. TheBorroweracknowledgesthat,ifanyloanrepaymentsarenotpaid,orarenotpaidaftertheagreedtime,thismayresultintheTotalAmountPayableundertheAgreementbeinggreaterthanthesumsetoutintheLoandetails
5.Intheeventatanytimetheloanfallmorethanthreemonthsinarrearstheloanshallbeindefault.Thewholeoftheloanplusinterestwillbecomeimmediatelyrepayableandthelenderwillbeentitledtoapplythevalueoftheborrower’ssharestotheoutstandingloanbalanceandanyunpaidinterest
6.TheBorrowerwillbeliableforanycoststheLenderincursinrecoveringsumsdueundertheAgreement
7.TheBorroweratthetimeofsigningthisagreementisnotinpositionofanyinformationregardingthestatusofhis/heremploymentthatwouldendangertherepaymentoftheloan
8.Theborroweragreestosaveaminimumof£30.00permonthwhilstthisloanisinforce
9.TheBorroweragreestosubmitNEWCARCHANGEOFOWNERSHIPLOGBOOKasproofofpurchasewithintwomonthsofdepositoffundsintobankaccountortheloanrevertstoanannualpercentageof26.8%APRor2%permonth
10.TheBorroweragreestoassigntothelenderallpaidshareandpaymentsonaccountofshareswhichtheborrowerhasormayhaveinfutureinthecreditunionassecurityforpaymentoftheloanandforinterestorexpenseswhichmaybecomedueandtheBorrowerauthorisesthecredituniontosetofforapplyanyorallsuchsharestowardspaymentoftheloan,interestorexpensesowedbytheborrower
SIGNATURES
ThisisalegallybindingAgreement:signitonlyifyouwishtobeboundbyitsterms.IfyoudonotunderstandanypartofthisAgreement,youshouldtakeindependentlegaladvice,forexamplefromalocalCitizens’AdviceBureau,LawCentre,oraSolicitor.
Signatures:
Signature
Fullname:
FullName
(Borrower)(For theLender)
Date:
Date
NOTE: TheBorrower mustbegiven acopyof thisAgreementwhen allpartieshavesigned