Loan Calculator
PAYMENT SUMMARY
This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for anyerros. Please note that this calculator only provides and indicative quote and actual repayments may vary.
LOAN INTEREST INFORMATION
The interest rates are on the reducing balance as follows:
| For the total loan of | Actual | Annual Percentage Rate (APR) |
|---|---|---|
| Unsecured Personal Loans | ||
| Max Amount: £7499.99 Max Term: 5 Years | 12% | 12.68% |
| Max Amount: £7500.00 – £14999.99 Max Term: 10 Years | 8.9% | 9.27% |
| Max Amount: £15000.00 – £25000.00 (in excess of attached shares) Max Term: 10 Years | 8.4% | 8.69% |
| Unsecured Agri Loans | ||
| Max Amount: £1,000.00 – £40,000.00 (in excess of attached shares) Max Term: 10 Years | 8.65% | 9% |
| Secured Agri Loans | ||
| Max Amount: £10,000.00 – £80,000.00 (in excess of attached shares) Max Term: 20 Years | 4.8% | 4.9% |
| Secured Personal Loans | ||
| Max Amount: £25000.00 – £150,000.00 (in excess of attached shares) Max Term: 25 Years* | 5.4% | 5.51% |
| Share Secured Loans | ||
| Max Amount: £85,000.00 Max Term: 25 Years* Loan will be 100% secured against shares for the duration of the term | 5.4% | 5.51% |
Requests for share withdrawals will be referred to the Credit Committee.
*Some members may not be eligible for a 25-year loan term depending on their age and health status as per Loan Protection Insurance requirements.
Flexible & Convenient Loans to suit everyone
- Quick application process
- Flexible repayments
- Only pay interest on what you owe
- Free Loan Protection Insurance
- No early repayment fees
- Top-Up loans available
Draperstown
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