The staff credit union (First Scottish University Credit Union Ltd) has reduced its interest rate for larger loans.
The rate for loans over £7500 has been reduced by 0.1% to 0.65% per month (8.1% APR) - (To borrow £7500 you must have £2500 in your savings)
Typically a loan of £7500 paid over three years costs £247 per month - this includes a contribution to your savings of £12.
There are over 890 University staff in the credit union and over 50% have loans with the Credit Union ranging from £400 to £15,000.
For more information on the credit Union please visit www.firstscottishuniversitycu.org.uk or call Carol Bendall on 0131 451 8005 if you wish to discuss further.
Carol Bendall