BOROUGH CREDIT UNION

Loan Calculator

By using our loan calculator below, you are able to have a guide on repayments.
Please also check that you are selecting the right product for your needs.

Standard Loan – Starting from 12.9% APR

• The loans are available for both new and existing members.
• The loan must be repaid within 5 years.
• With APR rates starting from 12.9%

Family Loan – Starting from 12.9% APR

• The loan has to be repaid by Child Benefit.
• You have to contribute to your savings, at a minimum of £2 per week.
• You are unable to access savings unless the loan is repaid in full.
• Top-up Loans are allowed, but terms and conditions may apply.
• Maximum term is 5 years
• APR rates starting from 12.9%

Homeowner Loan – 7.9% APR

• You must be a homeowner for at least 3 years.
• Must be employed for at least 3 years.
• Have no adverse credit (i.e. CCJ’s)
• Loans are available up to £15k
• The loan can be used for any reason
• Maximum term 5 years
• APR 7.9%

Secured Loans – 5.9% APR

• Must have the exact amount in savings (excluding interest).
• Maximum term 7 years
• APR 5.9%

Debt Consolidation Loans – Starting from 17.9%

• Must provide proof of balance/settlement figures
• Loan has to be repaid within 5 years.
• APR starts from 17.9%

* The interest rate you pay, and the amount you are able to borrow may vary depending on your saving and loan record with the credit union.

* All figures given on this website are for your general information only, and give a rough guide to loan repayments. Any statements on this website do not purport to be authorative or legally binding.

* All information contained on this web page is correct at time of publishing. The Credit Union accepts no responsibility for errors due to changes in rates or offers which have occurred after this date. You are advised to check with our offices for up-to-date rates and offers.