Loan Calculator

These calculations are correct as at 20th July 2011 but may be subject to change from time to time at the discretion of Hannahstown Credit Union.


 

INTEREST

 

Interest is charged on all loans at the rate of I% per month on the diminishing loan balance. This means that the interest charged becomes less as the loan is paid off. A loan of £IOO paid off in one year would show interest of about £6.50 or 6.5% Simple Interest (12.38% APR)
Types of loans available
Amount you'd like to borrow (€)
Repayment term
For how long (years)
 

Each repayment will be: £ 
Your total repayment will be: £ 
The total interest will be: £ 

Search Our Site