Loans
Family Income Benefit Loan
A manageable way for eligible families to borrow and repay directly from Child Benefit or other qualifying benefit payments.
Existing Family Income Loan members must apply by going to member log in for a Top Up Loan.
Why choose this loan?
Clear, responsible borrowing
Fixed, manageable repayments
Repayments made directly from qualifying benefit payments
No early repayment charges
Friendly support from our local team
Who can apply?
You may be eligible if:
- You receive Child Benefit or other qualifying benefits
- You are a member, or are happy to join
- Your application meets our affordability checks
Family Income Benefit Loans are available up to £1,000. If you also have a School Uniform Loan, the combined maximum borrowing across both products is £1100.
All loans are subject to eligibility, affordability and applicable credit assessments. Terms will be explained before you agree to borrow.
Loan calculator
See what your repayments could look like
Adjust the amount and term to view an illustrative monthly repayment based on the 42.6% representative APR for this product.
Figures are illustrative only. Your application remains subject to eligibility, affordability and applicable credit assessments.
Calculate your Family Income Benefit Loan
Term
APR
Monthly Cost
Representative example A loan of £1,000 over 12 months would cost approximately £103.79 per month at a representative 42.6% APR. The total amount repayable would be approximately £1245.46, including approximately £245.46 in interest.
Family Income Benefit Loan application
Ready to apply for a family income benefit loan?
Open our secure application form when you are ready. It will appear in a separate window on this page.