Child Benefit Loan

All you need to know about Child Benefit, Family Loans, How to apply!

How it works

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  • Any leftover child benefit can be saved with us, withdrawn weekly/monthly, or split between savings and withdrawal.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.

Click here to sign up and apply if you are not a member.

Join & Apply Here

Click here if you are an existing member to apply on your online account.

Apply Here

HMRC – Child Benefit

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Loan Calculator

Why choose Derbyshire Community Bank for your family loan?

  1. Easy to apply with same 1-2 day decisions
  2. Loan agreements signed via e-signature – no need to call in or post forms
  3. No hidden charges or fees or early repayment penalties
  4. Repayments to suit you – weekly, fortnightly, four weekly or monthly
  5. Manage your account and loan via our online banking or mobile APP
  6. Open banking to provide us with instant access to your bank statements when applying for a loan

Member Review

“I have used DCB for many of years now and I’ve never had a problem with the lovely staff, always happy to help and the loan application are always quick replies and usually paid with in the same day”

Member Review

“I have been using this service for over 10 years now and the customer service and help provided couldn’t be any better. Always my go to place for loans and savings. Easy to fill the it the application and is Quick with the application process”

Member Review

“I have a really bad credit so in times of need I have struggled to get a loan anywhere. This has been absolutely amazing for me and so quick with processing and responding to any queries!”