Child Benefit Savings and Loan Plan

Child Benefit Savings and Loan Plan

Save and borrow at the same time

Product Information

Join Eastern Savings & Loans and apply for a £500 loan immediately

With our Child Benefit Savings & Loan plan, you can save for holidays, Christmas or any of life’s little extras at the same time as repaying your loan. To be eligible for this plan, join the credit union and arrange to pay your Child Benefit into your credit union account.

  • Loan repayable from your Child Benefit
  • Repayable at £12 per week over 50 weeks (Total repayable - £592.12)
  • Fixed interest rate – 42.6% APR
  • Withdraw from your savings whenever you need to