If you receive child benefit, you can qualify for a Family Loan from our Credit Union. We will use your child benefit payments to repay the loan.
- Borrow up to £1000, just show proof that you receive child benefit.
- Use the HMRC App to send your child benefit directly to your account with us
- You can use all or part of your child benefit to repay the loan. It’s up to you.
- Save-as-you-repay – £3/week or £12/month into your credit union savings – the simple way to save
- Any leftover child benefit can be saved with us, withdrawn weekly/monthly, or split between savings and withdrawal.
- Access your savings anytime. Transfer money from your savings account to your bank account through our online banking.
How to apply for a family loan:
- Click the button below to apply
- Fill in your application as accurately as possible
- Submit the form
- One of the DCB staff team will be in touch as soon as possible to confirm whether you have been successful
Our criteria for a family loan are simple. To qualify, you must:
- Be over 18 years old
- Provide proof of child benefit
- Have a high street bank account or a DCB account for disbursement of loan
- Not be bankrupt, under an IVA or DRO
“subject to affordability checks” As a responsible lender we check the loan is affordable for you; any loan shouldn’t put you under financial hardship.
