Handy Loan Cost Calculator                                                
Copyright (c) 2001 by David Flanagan.


Enter Your Desired Loan Information:

1 Amount of the desired loan - (£'s):
2 Annual percentage rate of interest:
3 Repayment period in years (Max = 4 yrs):

Payment Information Guide:
4 Your monthly payment - (£'s):
5 Your total interest payments :
6 Your total repayment - including interest:

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Note: This page is intended as a genuine guide for you, as a member, to realistically plan your borrowing needs in conjunction with Maghera Credit Union Ltd.
It should be noted that these figures could be materially changed in the event of loan payments being late or reduced in any way not authorised by the credit union.







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   “A Credit Union is not an ordinary financial concern, seeking to enrich its members at the expense of the general public.

   Neither is it a Loan Company, seeking to make a profit at the expense of the unfortunates…

   The Credit Union is nothing of the kind; it is the expression in the field of economics of a high social ideal.”

 Alphonse Desjardins
(Mayor of Montreal 1893)