Family loan
- You can apply for a loan as you join the credit union
- You must pay your Child Benefit into to the Credit Union to repay the loan. (If successful we'll be in touch to help you organise this)
- When stating how much you want to borrow, include any outstanding balance
- All borrowers must save a minimum of £3 per week or £13 per month on top of the loan repayment. You should take this into account when considering how much you can afford to repay.
- If you have an existing loan and want to apply for a further advance you must have paid off 30% of the original balance. Please note: - The current existing loan outstanding with us must be over £500 prior to application.