Borrowing from Worcester Black Pear is often the cheapest way...saving you £££'s!

Click here to read what the Sunday Express wrote about Provident Check and Shopacheck!

THINK before you buy on credit from the big high street electrical stores - look at these examples:

CASH PRICE
CREDIT PRICE IN SHOP (Typical APR 29.5%)
CREDIT PRICE USING LOAN FROM BLACK PEAR (APR 12.68%)
Washing Machine

£231.66
24 monthly payments of £12.50
Interest paid £68.34
TOTAL COST £300.00

104 weekly payments of £2.52
Interest paid £29.94
TOTAL COST £ 261.60

YOU SAVE £38.40 WITH
Worcester Black Pear!

Television

£169.99
12 monthly payments of £16.25
Interest paid £25.01
TOTAL COST £195.00

52 weekly payments of £3.48
Interest paid £11.21
TOTAL COST £ 181.20

YOU SAVE £13.80 WITH Worcester Black Pear!

Electric Cooker

£198.95
24 monthly payments of £10.73
Interest paid £58.57
TOTAL COST £258.52

104 weekly payments of £2.16
Interest paid £25.93
TOTAL COST £ 224.88

YOU SAVE £33.64 WITH Worcester Black Pear!

DVD Player

£99.99
12 monthly payments of £9.56
Interest paid £14.73
TOTAL COST £114.72

Interest paid £6.57
TOTAL COST £ 106.56

YOU SAVE £8.16 WITH Worcester Black Pear!

Vaccuum Cleaner

£84.78
12 monthly payments of £8.10
Interest paid £12.42
TOTAL COST £97.20

52 weekly payments of £1.74
Interest paid £5.58
TOTAL COST £ 90.36

YOU SAVE £6.84 WITH Worcester Black Pear!

PlayStation

£159.97
12 monthly payments of £15.29
Interest paid £23.51
TOTAL COST £183.48

52 weekly payments of £3.28
Interest paid £10.55
TOTAL COST £170.52

YOU SAVE £12.96 WITH Worcester Black Pear!

Personal Computer

£630.00
24 monthly payments of £33.98
Interest paid £185.52
TOTAL COST £815.52

104 weekly payments of £6.84
Interest paid £81.84
TOTAL COST £ 711.84

YOU SAVE £103.68 WITH Worcester Black Pear!


How to use the Office of Fair Trading calculator to work out the real cost.

  1. Decide how much money you need to borrow
  2. Decide over how many MONTHS you want to repay the loan.
  3. Ask the shop or credit company for the APR (Annual Percentage Rate of charge). By law, all retailers and lenders MUST tell you this before you sign any agreement.The APR for Black Pear Credit Union loans is 12.68%

 

Now click here. Type in the information and the calculator will work out your interest and payments. If you want a WEEKLY repayment, divide the Total repaid () by 52.

Note: Beware of Loan Sharks! Some charge over 1000% APR.

Worcester Black Pear usually costs LESS than the rest!

Other lenders often advertise lower interest rates, but they only apply to larger loans. Most won't lend you less than £1,000!

Just COMPARE the amount you pay back over 12 months
for a loan of £500 and see how much we save you!

LENDER
Monthly repayment without insurance* Monthly repayment
with insurance*
Annual Percentage Rate (APR)
Total cost of loan with insurance*
Provident Financial
£64.51
£64.51
150%
£774.12
HSBC Personal Loan
£45.49
£49.93
17.8%
£599.16
Barclayloan
£45.32
£49.39
16.9%
£592.68
Tesco Personal Loan MINIMUM LOAN = £2000  
Halifax Personal Loan MINIMUM LOAN = £1000  
Alliance & Leicester Personal Loan MINIMUM LOAN = £1000  
Sainbury's Personal Loan MINIMUM LOAN = £1000  
Birmingham Midshires Personal Loan MINIMUM LOAN = £1000  
Halifax Personal Loan MINIMUM LOAN = £1000  
Nationwide Personal Loan MINIMUM LOAN = £1000  
NatWest Personal Loan MINIMUM LOAN = £1000  
Post Office Personal Loan MINIMUM LOAN = £1000  
Worcester Black Pear
£44.42
£44.42
12.68%
£536.64