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 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.

For the total loan of |
Monthly interest on reducing balance |
Annual Percentage
Rate (APR) |
|
Up to £750 |
- |
3% |
42.6% |
£751 - £1,500 |
- |
2.5% |
34.5% |
£1,501 - £2,250 |
- |
2% |
26.8% |
£2,251 - £4,000 |
- |
1.5% |
19.56% |
Beyond £4,001 |
- |
1.2% |
15.39% |
Secure Loan |
- |
1% |
12.68% |