How do you decide my loan interest rate (APR)?
The credit unions that we work with will look at amount you want to borrow, the time period you will repay this and your credit history.
The information you provide on your application and information about your credit history - obtained from credit bureaus - will be used to calculate a personalised interest rate based off your individual circumstances.
Your credit history is a factor in the rate that you will be offered. You can ask for a free copy of your credit report from TransUnion, Experian or Equifax.
