Family life comes with plenty of milestones and surprises. By arranging for your child benefit to be paid into your credit union account, you can borrow what you need while also building savings. With fair repayments and no hidden charges, it’s a safe, supportive way to cover family expenses.
With a Child Benefit Loan, repayments are taken directly from your Child Benefit payments, making it easier to budget and removing the need to set up a separate direct debit.
No. Once you’re approved and your Child Benefit is paid into your credit union account, you may be able to reapply or top up without going through a full application process each time.
Yes. After the agreed loan repayment has been taken, the remaining balance of your Child Benefit is available to withdraw or transfer as you choose.
Not at all. The loan is open to any parent or guardian who receives Child Benefit and meets the credit union’s membership criteria.
If your circumstances change for reasons beyond your control, we’ll work with you to adjust your repayment plan. The key is to contact us as soon as possible so we can help keep the loan on track.
