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Borrowing
from Your Credit Union...
Our interest rates are as follows:
Amount of Loan(£) |
Annual Percentage Rate (APR) |
Notes |
Up to £300 |
12.7% |
Introductory Loan, available in first 3 months of membership |
£1-£4999 |
12.7% |
Maximum Loan is three times savings balance. |
Over £5000 |
9.9% |
Maximum Loan is three times savings balance |
Secured Loans |
5.9% |
Secured loans are loans up to the value of a members savings balance with the credit union |
Loan interest is calculated daily. You may make extra loan repayments or repay your loan in full at any time without incurring penalties.
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