| Yoker Credit Union members have
the right to make application for borrowing to the maximum
of £10,000 liability, provided that all criteria of
membership have been met.
All applications shall be monitored and assessed on the ability
to repay and will be considered by the loan officers or the
Board of Directors.
With a loan from your credit union there are no hidden costs.
APR is 12.68% calculated at 1% per month on the reducing balance,
there is no penalty for repaying your loan early.
There is no arrangement or set up fee with Yoker Credit Union.
Amount of loan
|
1 year
monthly payment |
Total
Interest
Payable |
2 years
monthly payment |
Total
Interest
Payable |
3 years
monthly payment |
Total
Interest
Payable |
| £500 |
£44.42 |
£33.04 |
£23.53 |
£64.72 |
£16.60 |
£97.60 |
| £1,000 |
£88.84 |
£66.08 |
£47.07 |
£129.68 |
£33.21 |
£195.56 |
| £1,500 |
£133.27 |
£99.24 |
£70.61 |
£194.64 |
£49.82 |
£293.52 |
| £2,000 |
£177.69 |
£132.28 |
£94.14 |
£259.36 |
£66.42 |
£391.12 |
| £2,500 |
£222.12 |
£165.44 |
£117.68 |
£324.32 |
£83.03 |
£489.08 |
| £5,000 |
£444.24 |
£330.88 |
£235.36 |
£648.64 |
£166.07 |
£978.52 |
Your Credit Union loan receives at "no extra
cost" loan protection cover. The net effect of this insurance
is that your next of kin incur no liability for your outstanding
loan, subject to pre-condition limitations. |
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