Why is a Credit Union loan better?

  • Credit Union loans are insured at no direct cost to the member
  • The rate of interest is reasonable
  • Repayments are calculated on the reducing balance of the loan. This means your daily interest decreases as you repay your loan
  • There are no fees or hidden charges
  • You can repay the loan early with no penalty

Remember, the amount you wish to borrow should always be relative to what your income is.