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There are two calculation options, depending on what you would like to know:
Method [A] - I know how much I would like to repay each time: How many repayments will be required to clear the loan?
Method [B] - I know how many repayments I wish to make on a loan: How much will each repayment be?
Please Note: The interest rates in this calculator are approximate and may be different from those used by the Credit Union at the time of your loan application.
If you have an outstanding loan at present this will not be taken into account by the calculator so for a more accurrate total loan amount add the amount of your outstanding loan to the sum you are requesting.
Whilst every care has been made in the production of this document, the Credit Union, or its staff, cannot be held responsible for any omissions, errors or other mistakes made herein. This document is for quotation purposes only, so as to give you, the borrower, an overview of the potential cost of borrowing.
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23 February 2012
