BCD Credit Union Loan Calculator

Using the Loan Calculator

To use, enter values for the Loan Amount (how much you wish to borrow), Payment Period (how often you wish to make payments, not to exceed 60 months) and the Interest Rate you have been offered.

Then enter either the Payment Amount you can afford to pay back per payment or the number of payments you plan. (e.g. for monthly payments, 12 would take a year).

1. Loan Amount £
Previous balance £
2. Payment Frequency
3. Interest Rate (APR)
Enter either amount below to calculate the other:
Payment Amount OR Number of payments
Total interest amount

The results of this loan payment calculator are for comparison purposes only. They will be a close approximation of actual loan repayments if available at the terms entered, from a financial institution. This is being provided for you to plan your next loan application.