Our interest rate is fixed at a maximum of
12.7% APR
Interest calculated daily and on the reducing balance.
There are no penalties for paying your loan back early.
Based on a £500 loan paid back over 1 year
(information correct as @ 12 Aug 05)
Lender
|
APR |
Free Life Insurance |
| Yoker Credit Union |
12.75% APR |
Yes |
| Door step Lender |
xxxxxx % |
No |
| Store Card |
xxxxxx % |
No |
| High street Bank |
xxxxxx % |
No |
To see how much a credit union loan would cost you click
here for the loan calculator. |
|
Loans are based on a member's ability to repay. It makes
no sense to lend money to people who are unable to pay their
loan back. If members do experience difficulties in repayment
the Credit Union will endeavour to agree a schedule that will
be within the member's means, at the same time ensuring the
loan is repaid.
|
