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Why are your loans so affordable?

Credit unions do not have shareholders to pay, as our members are our shareholders. By law, the maximum interest rate that a credit union can charge its members for a loan is 3% per month or 42.6% APR. The interest rate on a typical loan from Oxfordshire Credit Union is much lower than that charged on typical payday loans, so taking out an Oxfordshire Credit Union loan saves you money and makes good financial sense.

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