Christmas Family Loan

Our Family Loan offers a safe and cost-effective way to spread the cost of Christmas if you need a helping hand.

You could borrow from £50 up to £1,000, using your Child Benefit for the repayments.

It’s a fair and affordable way to borrow, and helps build your credit history for future borrowing.

We pride ourselves on our fair and affordable interest rates and at 42% APR, the Family Loan could save you hundreds of pounds compared to borrowing from other lenders.

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Family Loan Representative example: Borrow £1,000 for 12 months at 42% APR.
Repay in 12 monthly instalments of £100.30
Total repaid £1,204 Total cost of borrowing £204

Fast-track approval

Because the Family Loan is linked to your Child Benefit payments, there’s a very high approval rate, with loan decisions made by people, not computers.

And, once you’re up and running, you can easily request to top up your loan again too.

Borrowing with a difference

Borrowing from a credit union is different to banks and other lenders. We’re a not-for-profit organisation, run for the benefit of members.

Members of The Co-op, Usdaw and a number of other organisations can join and benefit from our loans and services.

As well as competitive rates on loans, we’ll also help you to build up a savings pot as you repay.

We’re here to help you make the most of your money, not to make the most money out of you.

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Any Questions?

See our FAQ below, or contact our team who will be happy to help

Frequently Asked Questions