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LOAN CALCULATOR

Use our Loan Calculator to find out how reasonable a loan from us would be.

Loans are calculated at our highest APR.  Lower rates may apply

 

Please note before calculating figures that all loans are based on length of membership, savings record and any previous borrowing history.  Generally loans are based on the following:

  • For the first three months of membership, members may apply for secure loans only
  • For the following three months of membership, members may apply for twice their share balance
  • After six months of membership, members may apply for three times their share balance.



    To use the calculator:

    There are two calculation options, depending on what you would like to know:

    Method [A] - I know how many repayments I wish to make on a loan: How much will each repayment be?

  • OR

    Method [B] - I know how much I would like to repay each time: How many repayments will be required to clear the loan?

  •     Enter Loan Information »
    How much would you like to borrow?: £   
    How often would you like to make repayments?:  
    Method [A]
    How many repayments would you like to make?:  
       
    Repayment Information
    Each repayment will be: £   
    Your total repayment will be: £   
    The total interest will be: £   
    Method [B]
    How much would you like each repayment to be?: £   
       
    Repayment Information
    The number of repayments will be:  
    Your total repayment will be: £   
    The total interest will be: £   

     

    *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. We accept 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.

     

     

     

    Authorised & Regulated by the Financial Services Authority. Registration No 213849.
    © 2010 East Kilbride Credit Union Ltd. All Rights Reserved.

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