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?
NB: 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 illustrative purposes only, so as to give you, the borrower, an overview of the potential cost of borrowing.