telephone. 01744 818896
Total repayment due on a £300.00 loan over a 28 day period. based on rates at 1-2-2011. Credit Union rates are provided by ABCUL.
|Organisation||Amount Borrowed||Total Repayable|
Payday Loans cost You a Fortune
Instant Loan companies such as Wonga.com who offer short term credit are charging their customers interest rates as high as 4.214%. This means that a Wonga customer who borrows £300.00 over a 28 day period at an interest rate of 4.214% could expect to pay nearly £90.00 back in interest.
At St Helens Credit Union our interest rates are set at 1.5% based on an APR of 19.56% see the table below for some typical loan examples.
|Loan Amount||Loan Period||Total Repayable|