£500 repaid at £12 per week
What is a Child Benefit Loan?
To apply for this loan you need to join the Credit Union & have your Child Benefit paid in to your credit union account. You can apply the same day as you join & if approved (all loans are subject to an affordability & a credit check), we will send you an email & text message when a loan decision is made. It can take up to 3 days for a loan decision depending on demand. If you have an email address we will email the loan agreement for you to sign. Your loan will be available for withdrawal as soon as your first child benefit payment has been received.