There are two calculation options; depending on what you would like to know:

Method [A] < I know how much I would like to repay each time: How many repayments will be required to clear the loan?

Method [B] < I know how many repayments I wish to make on a loan: How much will each repayment be?

Whilst every care has been made in the production of this document; the Credit Union; or its staff; cannot be held responsible for any omissions; errors or other mistakes made herein. This document is for illustrative purposes only; so as to give you; the borrower; an overview of the potential cost of borrowing.