Step 1 – Go to the Loan Calculator Page
This page can be located by clicking on the, ‘Loans,’ option on the main menu on the left side of the page. Then click the, ‘Loan Calculator,’ tab at the top of the page.
Step 2 – Enter Loan Details
Use the options provided to specify the loan you wish to calculate:
- Loan Type – Select from the menu one of the loan types that are available from the Credit Union.
- Current Loans – Select one your current loans from this drop down box to display its amount in the, ‘Current Loan Amount,’ box. Doing this will allow you to see how a new loan will affect your current balance. The total is displayed in the, ‘Total Loan,’ box.
- New Loan Amount – Enter the amount you wish to borrow. Do not use commas.
- Repayment Frequency – Choose whether you wish to pay the loan back monthly, weekly or fortnightly.