The interest charged on a Credit Union loan is 12.68% APR or 1% per month. Interest is only charged on what you have left to repay so the quicker you repay your loan, the less it will cost! In addition, we pay a very attractive rebate on loan interest every year which greatly reduces the overall cost of your loan.
Your loan must be for a productive, provident purpose. That means it must enhance the quality of your life.
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