Loan Application Form

Loan Application Form

You must complete this form in full before any decision can be taken on granting you a loan.

When you apply for a loan you usually know why you need it and how much you would like. However, before you do anything you should be happy that you can afford the repayments.

Please remember that all loans are at the discretion of the loan officers.

Section A: Applicant Information


(This is how we will contact you to notify you of the loan decision)

Residential Status

Employment

Section B: Loan Details

Section C: Previous Credit History

Have you missed any payments in the last 12 months?: required

Are you in arrears with any bills/rent/mortgage?: required

Have you ever had any CCJs (County Court Judgements)?: required

Have you ever been bankrupt or ever had an IVA or debt relief order?: required

Are you currently an undischarged bankrupt or have you made arrangements with creditors?: required

Section D: Budget

Please complete the budget statement below. This is CONFIDENTIAL and we will not make any decision on an application without it.

Income

(Less tax and National Insurance and any other payroll deductions)

External Borrowings


Please include both provider and monthly repayment


Please include both provider and monthly repayment


Please include both provider and monthly repayment


Please include both provider and monthly repayment

Expenditure

Please remember to provide your budget breakdown in the format you specified earlier (weekly, fortnightly or monthly)

Total Transport/Auto Costs

E.g. the cost of petrol, car insurance, breakdown cover, public transport costs etc.

Total Housing Costs

E.g. the cost of mortgage/rent, council tax, utilities, house insurance, household shop, TV package/broadband, TV licence, home/content insurance etc.

Other Expenditure Costs

E.g. mobile phone, gym membership, alcohol, cigarettes, take-aways, shopping, childcare, pets, etc.


Beneficiary Information

As you have indicatited that you are a new member you must supply the name and address of at least one beneficiary. A beneficiary is the person you nominate to receive any funds you have in the credit union in the event of your death.

The credit union has insurance which means that if you die before your 80th birthday any outstanding loan will be paid off, less any arrears, and your beneficiary will receive the funds you have invested in the credit union.

Beneficiary A

Beneficiary B

Upload Bank Statements

Please upload an up-to-date bank statement cover at least one month’s transactions.

If you cannot upload it now, call in to our main office to provide copies of your bank statements or e-mail it to info@darlingtoncreditunion.co.uk. Your application cannot be processed without this.

Identification

Please upload a copy of your identification.

We are regulated by the Financial Conduct Authority and are bound by law to request proof of identity. Single proof of identification that we accept include a passport or a photo driving licence. If you do not have neither then please upload two forms of ID from this list*. If you cannot upload it now, call in to our main office to provide copies of your identity or e-mail it to info@darlingtoncreditunion.co.uk. The opening of your account will only be completed once you bring in identification.

Acceptable document types are .pdf, .jpg, .jpeg, .gif and .bmp and files must be under 5MB

X

Dual Documentation (One from EACH column)

A

  • Old version of driving license
  • Benefit letter
  • National insurance card
  • Employee card
  • Armed Forces ID Card
  • Police Warrant Card
  • HM Revenue and Customs Card
  • Blue Parking Card for Disabled

B

  • Credit Reference Agency or Electoral Roll Search
  • Record of a Home Visit
  • Council Tax Bill
  • Bank Statement
  • Utility Bill
  • Insurance Certificate

Acceptable document types are .pdf, .jpg, .jpeg, .gif and .bmp and files must be under 5MB

Important: Your Personal Information

We may use credit reference and fraud prevention agencies to help us make decisions. What we do and how we and credit reference and fraud prevention agencies will use your information is detailed in the leaflet called: A guide to the use of your personal information by ourselves and at credit reference and fraud prevention agencies. This can be accessd via this link or a paper version by request at our Tubwell Row office.

By signing your agreement to proceed you are accepting that we may each use your information in this way.

Declaration

I can confirm that all of the details given on this application and budget form are accurate.

Further Terms and Conditions

By submitting this form, I hereby apply for membership of Darlington Credit Union Ltd and agree to abide by the Rules. I designate the person(s) names above as my beneficiary to receive any money due. I understand I may change my beneficiary at any time.

I acknowledge that I have received information regarding the FSCS cover relating to this account. Link to be FSCS information can be found here: http://www.fscs.org.uk/globalassets/disclosure-materials/fscs_2015_online-leaflet.pdf