Repaying Your Loans

Repaying Your Loan-Do It Your Way

No matter your stage or situation in life, a time will arrive when you need a little help. And no matter what your loan is for your credit union will ensure everything is clear, transparent and straightforward.

• There are no administration charges, hidden fees or transactions charges.

• Credit union interest rates are fair and reasonable and capped by law.

• Repayments are calculated on your reducing balance, so you pay less interest with each repayment.

• In the event of your death, your credit union loan is insured - subject to terms, conditions and eligibility criteria - at no direct cost to you.

• You can pay off your personal loan early, make additional lump sum repayments or increase your regular repayments, without a penalty.