New Loan: Inclusive of Interest
Loan Calculator
PAYMENT SUMMARY
NB: Whilst every care has been taken in the production of this web page, the credit union, or any of its staff, cannot be held responsible for any omissions, errors or other mistakes made. This web page is for illustrative purposes only, so as to give you, the borrower, an overview of the potential cost of borrowing.
LOAN INTEREST INFORMATION
The interest rates are on the reducing balance as follows:
|
For the total loan of
|
Monthly interest on reducing balance
|
Annual Percentage
Rate (APR) |
|
|
Save and borrow
Up to – £15,000 |
–
|
1%
|
12.68%
|
|
Up to £2,500
|
–
|
2%
|
26.82%
|
|
£2,501 – £10,000
|
–
|
0.6%
|
7.9%
|