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Most credit unions charge a maximum of 1% interest per month on the money
they lend to their members, although by law this can be up to 2% a month.
The loan calculator below will give you an estimate of what your loan would
cost you if you were paying an interest rate of 1% a month on the reducing
balance.
Simply choose the amount you would like
to borrow, how often you would like to make your repayments, and how
many months you would like to borrow the money for. The loan
calculator will estimate what each repayment will cost you, the total
amount you will repay and the total interest you will pay over the
period of a credit union loan.
Use the Credit Union Search section to
find a local credit union you can join, they will be able to give you
more information what loans they offer and the interest rates they
charge.
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