Dalmuir Credit Union Ltd

Borrowing

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Dalmuir Credit Union members have the right to make application for borrowing to the maximum of £15,000 liability, provided that all criteria of membership have been met.
All applications shall be monitored and assessed on the ability to repay and will be considered by a loan officer or the Credit Committee.
With a loan from your credit union there are no hidden costs.   APR is 12.68% calculated at 1% per month on the reducing balance, there is no penalty for repaying your loan early.

Amount of loan
1 year
monthly payment
Total
Interest
Payable
2 years
monthly payment
 
Total
Interest
Payable
3 years
monthly payment
Total
Interest
Payable
£500
£44.42
£33.04
£23.53
£64.72
£16.60
£97.60
£1,000
£88.84
£66.08
£47.07
£129.68
£33.21
£195.56
£1,500
£133.27
£99.24
£70.61
£194.64
£49.82
£293.52
£2,000
£177.69
£132.28
£94.14
£259.36
£66.42
£391.12
£2,500
£222.12
£165.44
£117.68
£324.32
£83.03
£489.08
£5,000
£444.24
£330.88
£235.36
£648.64
£166.07
£978.52

Your Credit union loan receives at "no extra cost" loan protection cover.  The net effect of this insurance is that your next of kin incur no liability for your outstanding loan, subject to pre-condition limitations. 

Loan protection

Authorised & Regulated by the Financial Services Authority