Child Benefit Savings and Loan Plan

Child Benefit Savings and Loan Plan

Save and borrow at the same time

Child Benefit Savings and Loan Plan

Child Benefit Savings and Loan Plan

Save and borrow at the same time

Product Information

Apply for a £500 loan immediately

To be eligible for this plan, join the Credit Union and arrange to pay your Child Benefit into the Credit Union. Repayments will then be £12.00 weekly over 50 weeks. Total interest will be £92.12, you will repay a total of £592.12 (42.6% Apr). Please note if your child benefit is paid 4 weekly the loan will take 51 weeks to repay and total interest payable will be more.

  • Save when you can
  • Withdraw from your savings whenever you need to
  • Get funds transferred the same day to your bank account