Regular Saver Loans
Available to members of the Credit Union who have saved regularly for a minimum of 8 weeks. You can borrow up to 3x your savings. First loan maximum of £200
New Member Loans
Available to members who have not previously saved with the Credit Union. You must become a member before any loan can be issued.
Think again about the cost of loans
Don't get ripped off by high cost credit - See how much your local Credit Union can save you!
 |
Loan Amount |
Typical APR |
Term of Loan Number of weeks |
Weekly Repayment amount |
Total Repayable |
Total Interest Payable |
|
Illegal Lender (Loan Shark) |
£200 | 1.000% | 52 | £38.45 | £1999.92 | £1709.92 |
|
Shop-a Check
|
£200 | 399.7% | 32 | £10.00 | £320.00 | £120.00 |
|
Provident
|
£200 | 399.7% |
32 52 |
£10.00 £7.00 |
£320.00 £364.00 |
£120.00 £164.00 |
|
Credit Union (New Member Loans) |
£200 |
26.8%
26.8% |
26
52 |
£8.19
£4.21 |
£212.69
£225.38 |
£12.69
£25.38 |
|
Credit Union (Regular Savers Loans) |
£200 |
19.6%
19.6% |
26
52 |
£8.06
£4.21 |
£209.48
£218.88 |
£9.48
£18.88 |
Regular Saver Loans are available after a saver has developed a pattern of savings over an 8 week period.
Information correct as at 24/10/12 regarding interest rates taken from Provident and Shop-a-Check web pages and quoted as typical APR on loans.
