Manchester Unity Credit Union Limited
Loan Repayment Terms
(weekly) 1.00
monthly interest rate on reducing balance, % 23.00%
Monthly Payments Loan Amount, £ APR = 12.7 %
You can change yellow cells 10 25 50 100 200 500 1000 2000 4000 6000 7500
3 3.40 8.50 17.00 34.00 68.00 170.01 340.02 680.04 1360.09 2040.13 2550.17
6 1.73 4.31 8.63 17.25 34.51 86.27 172.55 345.10 690.19 1035.29 1294.11
9 1.17 2.92 5.84 11.67 23.35 58.37 116.74 233.48 466.96 700.44 875.55
months
No. of
12 0.89 2.22 4.44 8.88 17.77 44.42 88.85 177.70 355.40 533.09 666.37
15 0.72 1.80 3.61 7.21 14.42 36.06 72.12 144.25 288.50 432.74 540.93
18 0.61 1.52 3.05 6.10 12.20 30.49 60.98 121.96 243.93 365.89 457.37
24 0.47 1.18 2.35 4.71 9.41 23.54 47.07 94.15 188.29 282.44 353.05
30 0.39 0.97 1.94 3.87 7.75 19.37 38.75 77.50 154.99 232.49 290.61
36 0.33 0.83 1.66 3.32 6.64 16.61 33.21 66.43 132.86 199.29 249.11
48 0.26 0.66 1.32 2.63 5.27 13.17 26.33 52.67 105.34 158.00 197.50
Weekly Payments Loan Amount, £ APR = 12.7 %
You can change yellow cells 10 25 50 100 200 500 1000 2000 4000 6000 7500
12 0.85 2.11 4.23 8.46 16.92 42.29 84.58 169.17 338.34 507.51 634.38
16 0.64 1.59 3.19 6.37 12.75 31.86 63.73 127.46 254.92 382.37 477.97
26 0.40 0.99 1.98 3.97 7.93 19.83 39.67 79.33 158.67 238.00 297.50
40 0.26 0.65 1.31 2.62 5.24 13.10 26.20 52.39 104.78 157.18 196.47
weeks
No. of
50 0.21 0.53 1.06 2.12 4.24 10.60 21.19 42.39 84.78 127.17 158.96
52 0.20 0.51 1.02 2.04 4.09 10.21 20.43 40.85 81.70 122.55 153.19
70 0.15 0.39 0.77 1.55 3.10 7.74 15.48 30.97 61.93 92.90 116.12
80 0.14 0.34 0.68 1.37 2.74 6.85 13.70 27.40 54.80 82.20 102.75
100 0.11 0.28 0.56 1.12 2.24 5.60 11.21 22.41 44.82 67.23 84.04
150 0.08 0.20 0.39 0.79 1.58 3.95 7.89 15.78 31.56 47.34 59.18
200 0.06 0.16 0.31 0.62 1.25 3.12 6.24 12.49 24.97 37.46 46.83
Notes…
1 These figures are true (to nearest p) only if all repayments are made on time.
2 Members add a small amount to each repayment, to add to their savings, minimum £5.00 pm
3 Loans include insurance (subject to conditions) at no direct cost to members.
4 There is no penalty for paying back loans faster or sooner than promised. It's encouraged!
5 For other amounts and these periods, add the repayments: eg £550 over 15 months,
repayment due is £36.06 + £3.61, total £39.67. Or use this spreadsheet!
6 For other amounts and/or other periods, ask the Administrator. Or use this spreadsheet!
7 All loans are offered in accordance with the laws and policies for the time being in force.
Briefly, member's 1st. loan max 5x savings, thereafter 10x savings, 'top-ups' available when
df8c6e6b-5b6e-4c57-a054-3be3473369aa.xls
loan > 50%cleared, maximum loan considered = £7,500, maximum normal term = 4 years.
Manchester Unity Credit Union Limited
Loan Repayment Terms
monthly interest rate on reducing balance, % 1.00
(weekly) 23.00%
M onthly Payments Loan Amount, £ APR = 12.7 %
You can change yellow cells 10 25 50 100 200 500 1000 2000 4000 6000 7500
3 3.40 8.50 17.00 34.00 68.00 170.01 340.02 680.04 1360.09 2040.13 2550.17
6 1.73 4.31 8.63 17.25 34.51 86.27 172.55 345.10 690.19 1035.29 1294.11
9 1.17 2.92 5.84 11.67 23.35 58.37 116.74 233.48 466.96 700.44 875.55
months
No. of
12 0.89 2.22 4.44 8.88 17.77 44.42 88.85 177.70 355.40 533.09 666.37
15 0.72 1.80 3.61 7.21 14.42 36.06 72.12 144.25 288.50 432.74 540.93
18 0.61 1.52 3.05 6.10 12.20 30.49 60.98 121.96 243.93 365.89 457.37
24 0.47 1.18 2.35 4.71 9.41 23.54 47.07 94.15 188.29 282.44 353.05
30 0.39 0.97 1.94 3.87 7.75 19.37 38.75 77.50 154.99 232.49 290.61
36 0.33 0.83 1.66 3.32 6.64 16.61 33.21 66.43 132.86 199.29 249.11
48 0.26 0.66 1.32 2.63 5.27 13.17 26.33 52.67 105.34 158.00 197.50
Weekly Payments Loan Amount, £ APR = 12.7 %
You can change yellow cells 10 25 50 100 200 500 1000 2000 4000 6000 7500
12 0.85 2.11 4.23 8.46 16.92 42.29 84.58 169.17 338.34 507.51 634.38
16 0.64 1.59 3.19 6.37 12.75 31.86 63.73 127.46 254.92 382.37 477.97
26 0.40 0.99 1.98 3.97 7.93 19.83 39.67 79.33 158.67 238.00 297.50
40 0.26 0.65 1.31 2.62 5.24 13.10 26.20 52.39 104.78 157.18 196.47
weeks
No. of
50 0.21 0.53 1.06 2.12 4.24 10.60 21.19 42.39 84.78 127.17 158.96
52 0.20 0.51 1.02 2.04 4.09 10.21 20.43 40.85 81.70 122.55 153.19
70 0.15 0.39 0.77 1.55 3.10 7.74 15.48 30.97 61.93 92.90 116.12
80 0.14 0.34 0.68 1.37 2.74 6.85 13.70 27.40 54.80 82.20 102.75
100 0.11 0.28 0.56 1.12 2.24 5.60 11.21 22.41 44.82 67.23 84.04
150 0.08 0.20 0.39 0.79 1.58 3.95 7.89 15.78 31.56 47.34 59.18
200 0.06 0.16 0.31 0.62 1.25 3.12 6.24 12.49 24.97 37.46 46.83
Notes…
1 These figures are true (to nearest p) only if all repayments are made on time.
2 Members add a small amount to each repayment, to add to their savings, minimum £5.00
3 Loans include insurance (subject to conditions) at no direct cost to members.
4 There is no penalty for paying back loans faster or sooner than promised. It's encourage
5 For other amounts and these periods, add the repayments: eg £550 over 15 months,
repayment due is £36.06 + £3.61, total £39.67. Or use this spreadsheet!
6 For other amounts and/or other periods, ask the Administrator. Or use this spreadshee
7 All loans are offered in accordance with the laws and policies for the time being in force
Briefly, member's 1st. loan max 5x savings, thereafter 10x savings, 'top-ups' available wh
loan > 50%cleared, maximum loan considered = £7,500, maximum normal term = 4 yea
mited
ment Terms
balance, % 1.00
(weekly) 23.00%
APR = 12.7 %
00 6000 7500
0.09 2040.13 2550.17
19 1035.29 1294.11
96 700.44 875.55
40 533.09 666.37
50 432.74 540.93
93 365.89 457.37
29 282.44 353.05
99 232.49 290.61
86 199.29 249.11
34 158.00 197.50
APR = 12.7 %
00 6000 7500
34 507.51 634.38
92 382.37 477.97
67 238.00 297.50
78 157.18 196.47
78 127.17 158.96
70 122.55 153.19
93 92.90 116.12
80 82.20 102.75
82 67.23 84.04
56 47.34 59.18
97 37.46 46.83
are made on time.
o their savings, minimum £5.00 pm
st to members.
r than promised. It's encouraged!
eg £550 over 15 months,
s spreadsheet!
ator. Or use this spreadsheet!
cies for the time being in force.
savings, 'top-ups' available when
maximum normal term = 4 years.