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Y tudalen hon yn Gymraeg
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Plaid Cymru Credit Union
Ty'r Cymry,
11 Gordon Road,
Caerdydd,
CF24 3AJ
T: 029 2049 1888
E: post@ucpccu.org
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We are open:
Tuesday 10:30am - 3:30pm
Friday 10:30am - 3:30pm
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Advantages of credit union loans
When you borrow from a credit union you do so as a member-owner. Credit union loans are available to members
to help when a need exists.
Loan rates are cheaper than bank credit card or department store card rates.
How much will it cost?
With a credit union you pay only one rate of interest. It’s 1% on the reducing balance of the loan. While
the APR is 12.68% a year this works out at £6.56 interest on £100.00 over 12 months. There are no loan
arrangement fees or early redemption loans should you wish to repay your loan earlier than planned.
How much can I apply to borrow?
The loan maximum is £5,000 [subject to status] and the maximum repayment period 36 months. Borrowers must have a minimum of £50 in shares and have been members of UCPCCU for 3 months.
How do I repay my loan?
By a monthly banker’s order. All borrowers are expected to save while repaying their loan. Remember regular repayments give you’re a free loan life insurance cover.
How do I apply for a loan?
Loan application
forms and loan agreement
forms are available
from the office. The Credit Committee processes loans every week.
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Loan Repayments
Examples of repayments and interest charges
The maximum loan is £5,000 [subject to status]. The maximum repayment period is 36 months. Loans are
insured against the death of borrowers under 70 years. First loans are usually up to £2,000.
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| Amount Borrowed
| Monthly Repayments
| Period of Loan
| Total Interest Raised
| Total Repaid
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| £100
| £8.88
| 12 months
| £6.56
| £106.56
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| £250
| £11.76
| 24 months
| £32.24
| £282.24
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| £300
| £9.96
| 36 months
| £58.56
| £358.56
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| £400
| £35.53
| 12 months
| £26.36
| £426.36
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| £400
| £18.82
| 24 months
| £51.68
| £451.68
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| £400
| £13.28
| 36 months
| £78.08
| £478.08
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| £500
| £44.42
| 12 months
| £33.04
| £533.04
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| £600
| £28.24
| 24 months
| £77.76
| £677.76
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| £700
| £23.25
| 36 months
| £137.00
| £837.00
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| £800
| £37.65
| 24 months
| £103.60
| £903.60
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| £1,000
| £47.07
| 24 months
| £129.68
| £1,129.68
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| £1,000
| £33.21
| 36 months
| £195.56
| £1,195.56
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| £1,500
| £70.61
| 24 months
| £194.64
| £1,694.64
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| £1,500
| £49.82
| 36 months
| £293.52
| £1,793.52
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| £2,000
| £94.14
| 24 months
| £259.36
| £2,259.36
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| £2,500
| £117.68
| 24 months
| £324.32
| £2,824.32
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| £3,000
| £141.22
| 24 months
| £389.28
| £3,389.28
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| £2,000
| £66.42
| 36 months
| £391.12
| £2,391.12
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| £2,500
| £83.03
| 36 months
| £489.08
| £2,989.08
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| £3,000
| £99.64
| 36 months
| £587.04
| £3,587.04
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| £3,500
| £116.25
| 36 months
| £685.00
| £4.185.00
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| £4,000
| £132.85
| 36 months
| £782.60
| £4,782.60
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| £5,000
| £166.07
| 36 months
| £975.58
| £5,978.58
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Registered office: Ty'r Cymry, 11 Gordon Road, Cardiff, CF24 3AJ
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