What You’ll Pay Back
Fusion offers great value loans. Here’s Fusion’s loans compared to other sources of unsecured credit:
| Typical APR | |
| Credit cards | Up to 26.8% |
| Store cards | Up to 32.7% |
| Doorstep lenders | Up to 260% |
| Fusion Credit Union | 12.68% |
So, what would you repay on a Fusion Loan? With a loan from your Fusion Credit Union there is presently only one rate of interest for all members. Interest is calculated daily on your reducing loan balance with APR currently 12.68%. There are no penalty clauses for repaying a loan earlier than your agreement.
| Loan Amount | 12 x Monthly Repayments |
Total Payable | Interest Charged |
| £100 | £8.89 | £106.68 | £6.68 |
| £500 | £44.42 | £533.04 | £33.04 |
| £1,000 | £88.84 | £1,066.08 | £66.08 |
Comparing the costs of loans We would always recommend you shop around for loans, and compare the available offers, to make sure you get the best deal. When looking at loans, make sure you compare the total cost of the loans (over the loan period – as above) from different providers.
This should include all repayments, set-up costs, and transaction charges.
Remember there are no hidden costs with Fusion!
