Examples of loan schedules

Rows in the tables can be added to give composite amounts.

Loans are not limited to £2000 and in appropriate cases can be up to £7,500 unsecured advance.

For larger loans, multiply or add rows of the tables. All loans are subject to assessment of ability to pay.

There are no arrangement charges and no charge for early repayment.

The cost of a loan in the tables shown below is the total interest charged for a standard loan over the repayment period assuming the repayment schedule is strictly adhered to.
Credit unions exist to serve their members so you can be sure of a fair deal.

Monthly Repayments
  Repayment over
1 year 		Repayment over
2 years 		Repayment over
3 years
Loan
amount		 Monthly
repayment		 Total cost
of loan		 Monthly
repayment		 Total cost
of loan		 Monthly
repayment		 Total cost
of loan
£100 £9.16 £9.95 £5.00 £19.68 £3.61 £29.93
£300 £24.78 £29.85 £15.00 £59.04 £10.83 £89.79
£500 £45.81 £49.72 £24.93 £98.39 £18.05 £149.63
£1,000 £91.63 £99.47 £49.87 £196.78 £36.10 £299.26
£2,000 £183.26 £198.94 £99.74 £393.56 £72.20 £598.52

Weekly Repayments
  Repayment over
1 year 		Repayment over
2 years 		Repayment over
3 years
Loan
amount		 Weekly
repayment		 Total cost
of loan		 Weekly
repayment		 Total cost
of loan		 Weekly
repayment		 Total cost
of loan
£100 £2.11 £9.40 £1.15 £19.15 £0.83 £29.48
£300 £6.32 £28.20 £3.44 £57.45 £2.50 £88.20
£500 £10.52 £47.04 £5.74 £96.05 £4.16 £147.59
£1,000 £21.05 £94.27 £11.47 £192.10 £8.31 £295.18
£2,000 £42.10 £188.54 £22.94 £394.21 £16.62 £590.36
Interest for a standard loan is actually charged at a rate equivalent to 1.5% per month on the outstanding balance at each repayment, computed daily. Total interest paid will vary if repayments are early or late or if the amount is less or more than the exact amount in the table. Flexibility is a part of our service.
This interest rate is legally quoted as an Annual Percentage Rate (APR) of 19.56%. The real cost of loans repaid regularly can be seen from the tables above.

Please note that the first loan to a member is normally repayable over one year.

You can download our Loan Guidelines here