Whenever you think about applying for a loan, the interest rate is usually one of the first things you want to know.

The Credit Union’s interest rates for loans have been added to the FAQ page, and are also available as a download.

The interest rates are
£200 – £1000 Apr 26.8%
£1001 – £2000 Apr 19.5%
£2001 – £5000 Apr 12.7%

Example of a £1500 loan over 18 months

£95.52 x 18 (per month) or
£22.04 x 78 (per week)

Loan £1500
Interest £219.38
Total To Repay £1719.38

This entry was posted on Thursday, July 15th, 2010 at 12:56 am and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.