135 Hatfield Road, St Albans, Herts. AL1 4JX :
Phone 01727 859135 : Fax 01727 859135 :
Email: Office@stadcu.org
Phone 01727 859135 : Fax 01727 859135 :
Email: Office@stadcu.org
©St Albans District Credit Union 2004.
St Albans District Credit Union is authorised and regulated by the Financial Services Authority (FRN 213794)
St Albans District Credit Union is authorised and regulated by the Financial Services Authority (FRN 213794)
• Interest rate is 1% per month on the declining loan balance - 12.68% APR.
• Loans are normally available up to £5,000.
• Term of Loan can be up to 5 years depending on the amount borrowed. There are no arrangement fees and no charge for early or accelerated loan repayment - interest is correspondingly reduced.
• Repayments may be by cash or Standing order.
• Loans are normally unsecured” but members are asked to produce evidence of income and expenditure and show they can afford the repayments.
• Providing the borrower is under 70 years of age and subject to usual insurance conditions, free life insurance is automatically included with each loan.
• Loans are normally available up to £5,000.
• Term of Loan can be up to 5 years depending on the amount borrowed. There are no arrangement fees and no charge for early or accelerated loan repayment -
• Repayments may be by cash or Standing order.
• Loans are normally unsecured” but members are asked to produce evidence of income and expenditure and show they can afford the repayments.
• Providing the borrower is under 70 years of age and subject to usual insurance conditions, free life insurance is automatically included with each loan.
Number of
Monthly
Repayments
Monthly
Repayments
Amount of
Repayments
Repayments
Total
Interest
£
Interest
£
Total
Cost
£
Cost
£
12
88.55
66.20
1,066.20
24
47.07
129.68
1,129.68
36
33.21
195.56
1,195.56
48
26.33
263.84
1,263.84
60
22.24
334.40
1,334.40
Loan Calculator - Example of Monthly Repayments
for a Loan of £1,000
