The Fadoo loan calculator lets you see how much your repayments would be over a period. The calculator assumes you are paying 1% interest per month on the reducing balance. Loans are only available to members aged 18 or over.

How much would you like to borrow ?

How often would you like to make repayments ?
select an interval Weekly Fortnightly Four-Weekly Monthly
How long do you want to take to repay your loan? (in months)

Repayment Information

There will be repayments. Each repayment will be: £
Total to be repaid £ Total interest for the loan: £

Loan interest rates

The credit union currently charges 1% per month for loans. (12.7% APR) This rate is charged only on the declining balance of the loan. For example the total interest payable on a £1000 loan repaid weekly over a period of one year would be £62.13.

Getting a loan

Save regularly for three months Apply for a loan for up to three times the value of your savings.

Loyalty Loans

After one year’s membership (and regular savings/loan repayments) apply for up to four times your savings’ value …and after two years membership you can borrow up to five times your savings’ value.

How to save

Cash or cheque at a collection point Standing order through your bank Payroll membership From January 2007 you can request a PayPoint card to use at shops and post offices.