Lascelles Employees Co-operative Credit Union
 

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 New interest rates guideline on Motor Vehicle loan and Personal Loan effective March 9, 2007

 

     Old            New      Variance  

Revised Motor Vehicle Interest Rate       22%           20%         -2%

Personal Loan Interest Rate             20%           18%         -2%

 

 

Motor Vehicle Loan Ratios

Age

Repayment Time

Financing

Compulsory saving in shares

New

72 Mths

90%

20%

1-4 Years

60 Mths

85%

20%

5-7 Years

48 Mths

80%

20%

8-9 Years

36 Mths

75%

20%

10 Years

30 Mths

60%

20%