08 September 2008

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Use our loan calculator to find out how reasonable a credit union would be

For a list of our loan interest rates, please visit the LOANS page.

There are two calculation options, depending on what you would like to know:

Method [A] - I know how much I would like to repay each time: How many repayments will be required to clear the loan?

Method [B] - I know how many repayments I wish to make on a loan: How much will each repayment be?

This calculator can be used to gain repayment information on unsecured loans up to £20,000. If you wish information on a secured loan, please contact the office.

Please note that payments into your account can be made weekly, fortnightly, 4 weekly or monthly. Loan repayments are deducted monthly from your savings.

Please Note: When entering any numbers into the calculator, please make sure the number does not include any commas, decimal points, spaces or any other punctuation marks. Thank You.

New Loan: Inclusive of Interest

How much would you like to borrow?

How often will you make repayments?

›

Include Repayment Protection Insurance (RPI)?

›

Yes, with Accident and Sickness only

Yes, with Accident, Sickness and Redundancy

METHOD A

How much will each repayment be (including interest)?	£
Repayment Information:
The number of repayments will be:	›
Your loan will be repaid over:	›
Your total repayment will be:	£
The total interest will be:	£

METHOD B

How long to pay off this loan?	›
Repayment Information:
Each repayment will be (including interest):	£
Your loan will be repaid over:	›
Your total repayment will be:	£
The total interest will be:	£

Whilst every care has been made in the production of this document, the Credit Union, or its staff, cannot be held responsible for any omissions, errors or other mistakes made herein. This document is for quotation purposes only, so as to give you, the borrower, an overview of the potential cost of borrowing.